Collection float

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Collection float
	• The negative float that is created between the time when you deposit a check in your account and the time when funds are made available.
	• The delay between the time when a payer or customer deducts a payment from its checking account ledger and the time when the payee or vendor actually receives the funds in a spendable form.

	Embedded terms in definition
	Float Its Payer Time

	Related Terms
	Availability float Average collection period Bank collection float Clearing float Collection fractions Collection policy Corporate processing float Dirty float Disbursement float Float Free float In house processing float Mail float Managed float Net float Payment float Playing the float Positive float Processing float

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When a true genius appears in the world you may know him by this sign: that all the dunces are in confederacy against him. - Johnathan Swift

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