Collection account: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson (Linked to The Treasurers Handbook - Payments and payment systems) |
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In the US called a 'lock-box'. | In the US called a 'lock-box'. | ||
== See also == | == See also == | ||
* [[Lockbox]] | * [[Lockbox]] | ||
* [[Payments and payment systems]] | |||
Revision as of 16:27, 29 November 2014
A bank account opened for the specific purpose of speeding up the receipt of cleared value for remittances from specific customers or groups of customers, usually at a distant or foreign location or in a foreign currency.
In the US called a 'lock-box'.
