Dictionary of Accounting Terms: concentration banking
concentration banking
acceleration of cash collections from customers by having funds sent to several geographically situated regional banks and transferred to a main concentration account in another bank. The transfer of funds can be accomplished through the use of depository transfer checks and electronic transfers.
Dictionary of Business Terms: concentration banking
concentration banking
acceleration of cash collections from customers by having funds sent to several geographically situated regional banks and transferred to a main concentration account in another bank. The transfer of funds can be accomplished through the use of depository transfer checks and electronic transfers.
