Examlex
Explain what is meant by bonding.
Disbursement Float
The time lag between when a payment is issued by a payer and when the funds are actually withdrawn from the payer's account.
Receivable Accounts
Balances of money due to a company for goods or services provided that have not yet been paid by customers.
Collection Time
The average period that a company takes to collect payments from its customers after a sale has been made, impacting cash flow and liquidity.
Processing Delay
The time lag between the initiation and completion of a process, often seen in transaction processing or manufacturing operations.
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