The financial definition for Concentration account:
A single centralized account into which funds collected at regional locations (lockboxes) are transferred.
Similar Matches
Concentration services
Concentration services Movement of cash from different lockbox locations into a single concentration account from which disbursements and investments are made.
Click to compare definitions of Concentration account
Click to view definitions beginning co
www.financial-terms.co.uk is a finance, business, investment and stock market resource of common financial words by T4 Innovations.