Corporate Processing Float

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Definition: Corporate Processing Float

Corporate Processing Float
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Sources

Full Definition of Corporate Processing Float

The time delay between the receipt of a payment by a company and its deposit into an account. The float component can range from one day to three depending on the processing procedures used and applicable banking rules.

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https://payrollheaven.com/define/corporate-processing-float/
Modern Language Association (MLA):
Corporate Processing Float. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/corporate-processing-float/.
Chicago Manual of Style (CMS):
Corporate Processing Float. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/corporate-processing-float/ (accessed: April 19, 2024).
American Psychological Association (APA):
Corporate Processing Float. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/corporate-processing-float/

Definition Sources

Definitions for Corporate Processing Float are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.