Examlex
Working capital is current assets divided by current liabilities.
DSO
Stands for Days Sales Outstanding, a measure used to calculate the average number of days it takes a company to collect payment after a sale has been made.
Disbursement Float
Disbursement float refers to the time delay between writing a check and the time the funds are actually withdrawn from the payer's account.
Chequing Account
A type of bank account that offers easy access to funds for daily transactions, allowing for deposits, withdrawals, and cheque payments.
Cheque
A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or a named party.
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