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Disbursement float

• The lapse between the time when a firm deducts a payment from its checking account ledger (disburses it) and the time when funds are actually withdrawn from its account.

• A decrease in book cash but no immediate change in bank cash, generated by checks written by the firm.

 
 Embedded terms in definition
 Book cash
Book
Cash
Change
Firm
Its
Time
 
 Related Terms
 

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