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Glossary   >   C   >   "Concentration account" Definition            Concentration account A single centralized account into which funds collected at regional locations (lockboxes) are transferred. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Concentration account - A single centralized account into which funds collected at regional locations (lockboxes) are transferred.