Business, Legal & Accounting Glossary
1. Investing: The average number of shares of stock in a company that are available for trading on a given day. Average daily float is a measure of a stock’s liquidity. Stock in a closely held company will have a low average daily float and low liquidity. 2. Banking: The total value of checks that are in the process of collection during a certain period divided by the number of days in the period.
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This glossary post was last updated: 20th November, 2021 | 0 Views.