A cash management arrangement with a bank whereby the organization's customers send payments directly to the client's bank,which deposits the remittance to the client's account,is a

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A lockbox is a cash management arrangement where the organization's customers send payments directly to the client's bank. The bank then deposits the remittance to the client's account. This helps the organization to receive payments faster and also improves cash flow management. Bank transfer (B) refers to the process of transferring money from one bank account to another. Imprest bank account (C) is a type of bank account used for making small and recurring payments such as reimbursements or petty cash. Collar (D) is not related to cash management or banking.

A Cash Management Arrangement with a Bank Whereby the Organization's