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What is ACH and How does ACH Payment Works?

In the United States banks use an electronic network for dealing with financial transactions. The Automatic Clearing House (ACH) offers a secure way for these institutions to deal with each other. The system has been in operation since the 1970s. It is regulated by the National Automated Clearing House Association and the Federal Reserve. It was established as a more effective way of dealing with transactions between banks; it has largely replaced check payments which was the old way of doing things.

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What is the Swing Shift?

Nowadays many businesses will operate 24 hours a day. This means that they will need employees to be available at all times. The way they do this is to break the 24 hour period into shifts so that there are always people working. The swing shift refers to the period of time from noon until the evening. These workers may just cover the time at the end of the morning shift until the night shift starts or there can be some overlap with these other shifts.

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What Is the Difference Between a Copyright, Trademark, and Patent?

There are different ways to legally protect intellectual property. Three of the most well known ways of doing this is the copyright, the trademark, and the patent. Each of these protects different types of intellectual property and each works differently. It is understandable that those who create something new don’t want others to come along and steal their ideas. Intellectual property law can be very complicated though, and this is why it requires skilled legal experts to ensure protection.

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What is Lead Time?

When a customer orders a product there can often be a delay before they actually receive it. For instance if a buyer goes onto Amazon and purchases a book they won’t receive it right away. It can take a few days to get to them and this is referred to as the lead time. In simple terms then it is the difference between the order of a product and its final delivery. This delay can be very short or it could take months if the product involves a complicated assembly.

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What are Bail Bonds?

bail bondsThe success of a recent TV reality show has led to an increased interest in the world of bail bonds. This is a method by which an individual, who has been arrested for a crime, can be released from jail by providing a type of security. The fact that a security has been given reassures the court that the defendant will turn up when they are due to stand trial.

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What is a Quitclaim Deed?

A Quitclaim Deed works by allowing the owner of a property to quit their claim on it and pass interest to another individual. A good example of this is where a couple own a property and one of them gives up their interest and hands it to the other. In its simplest terms it is a piece of paper that transfers interest in land from one individual to another one. The person who is handing over their interest is referred to as the grantor and the person receiving it will be referred to as the grantee. This deed will sometimes be wrongly referred to as a ‘quick claim deed’.

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What is a Multinational Corporation?

multinational corporationsA multinational corporation can also be referred to as an international corporation. This is the type of company with production outlets in different countries or that sells their products and services in different countries. In the last few decades we have witnessed a huge rise in the number of multinational corporations. Read the rest of this entry »

What is a Freight Broker?

freight brokerA freight broker can refer to any person who sells transportation without actually providing this transportation. This individual usually acts as a liaison between an authorized transporter and an individual or business that requires some type of shipping service. It is the job of the freight broker to match those who are looking for transportation with the service provider who is able to provide the best solution to their needs. Even though this broker doesn’t actually provide and transportation directly they are still viewed as having an important role in the movement of cargo.

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