11) A lockbox system used to reduce collection float by : 1415283
11) A lockbox system is used to reduce collection float by shortening all three basic float components (i.e., mail, processing, and clearing).
12) Controlled disbursing involves the strategic use of mailing points and bank accounts to lengthen mail float and clearing float, respectively.
13) Controlled disbursing is a method of consciously anticipating the mail, processing, and clearing time involved with the payment process.
14) Playing the float involves the strategic use of mailing points and bank accounts to lengthen mail float and clearing float, respectively.
15) With the ACH (automated clearing house) credits, disbursement float is sacrificed because ACH transactions immediately draw down a company's payroll account on pay day.
16) The ACH (automated clearing house) debits are preauthorized electronic withdrawals from a payer's account.
17) Zero-balance accounts are checking accounts in which a zero balance is maintained and the bank automatically covers all checks presented against the accounts.
18) Federal agency issues are low-risk securities issued by government agencies but not guaranteed by the U.S. Treasury.
19) Eurodollar deposits are deposits of currency that are not native to the country in which the bank is located.
20) To be truly marketable, a security must have three basic characteristics: a ready market, risk-free, and safety of principal.