Full Answer. The amount of time it takes to process a refund depends on two factors: the agency to which the payment was made, and the bank to which the customer belongs. By the Electronic Transfer Act, banks are given 10 business days to process refunds.
1950: The BAA was renamed as the National Basketball Association (NBA). With a three-division setup, 12 teams now qualified for the playoffs, with the top four teams from each division meeting in the best-of-3 division semifinals. The winners met in the best-of-3 division finals.
There are three franchises in the NBA with a sub-.400 winning percentage. None of these franchises has won an NBA title either. These make up the bottom rung of the league's unspeakable cellar. The next level includes some teams with losing franchise records and the lack of a championship.