Examlex
GE's launch of the "Tweet Squad" is an example of a:
Direct Deposit
An electronic payment method where funds are transferred directly into the recipient's bank account, bypassing the need for physical checks.
Automatic Withdrawal
A banking process where funds are automatically taken from a bank account to fulfill a financial commitment.
Book Balance
The amount of money shown in a company's financial records, excluding any pending transactions.
Bank Cash
The amount of cash that a bank has in its vaults and with the central bank; also a term used to describe readily available funds.
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