SUMMARY ACCOUNT Definition

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SUMMARY ACCOUNT is a ledger account (such as a control account) whose balance represents the total of other account balances.

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ARBITRAGE is the movements of funds to take advantage of differences in exchange or interest rates; such movements quickly eliminate any such differences.

CASH FLOW PROJECTION is a forecast of the cash (checks or money orders) a business anticipates receiving and disbursing during the course of a given span of time - frequently a month. It is useful in anticipating the cash portion of your business at specific times during the period projected.

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