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Rather Than Conduct Massive Stabilization Operations, Buffer Stock Officials Will

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Rather than conduct massive stabilization operations, buffer stock officials will periodically revise target prices should they move out of line with long-term price trends.


Definitions:

Lockbox System

A service provided by banks to companies for the receipt of payment from customers, under which payments are directed to a special post office box rather than the company’s address.

Cash Collections

The process of gathering and managing incoming cash payments from customers or clients.

Collection Procedures

The methods and processes used by a company to pursue and collect payments owed by customers.

Credit Sales

Sales made on credit, where the buyer agrees to pay the seller at a future date.

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