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The Hamptons enjoy owning and operating their own restaurant. They enjoy being the masters of their own destinies and closing down the restaurant for one week a year so that they can take a vacation. The Hamptons seem to enjoy which advantage of a small business?
Check Clearing
The process by which banks exchange checks and settle funds, ensuring that the amount specified on the check is transferred from the payer's account to the payee's account.
Bank Time
A policy where employees can accumulate hours of work time to use at a later date, often for leave purposes.
Float
The time difference between when a bank transaction is initiated and when it is completed, allowing funds to appear available in the account before they actually are.
Cashier's Check
A cashier's check is a check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier.
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