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Genie was studied intensively by scientists primarily interested in
Lockbox System
A service provided by banks to companies for the receipt of payment from customers, under which the payments are directed to a special post office box instead of the company’s corporate address.
Money Market Securities
Short-term financial instruments, typically liquid and with high credit quality, traded in the money market involving assets like treasury bills, commercial paper, and certificates of deposit.
Collection Time
Refers to the average period it takes for a business to receive payments owed by its customers after a sale has been made.
Lockbox Fee
A charge imposed by banks for servicing and processing payments received in a lockbox, a service that accelerates the collection of receivables.
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