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.
The National Basketball Association (NBA) playoffs are a best-of-seven elimination tournament among 16 teams in the Eastern Conference and Western Conference (called divisions, pre-1970), ultimately deciding the winner of the NBA Finals.ollowing the NBA regular season, eight teams in each conference qualify for the playoffs and are seeded one to eight. The new format stipulates that the top eight teams in each conference, ranked in order by win-loss records, qualify for the playoffs.