Business, Legal & Accounting Glossary
The delay in time between the disbursement of a check to its clearing through the bank system. The float is reflected as a reduction in the cash ledger, but remains as part of the balance in the companies checking account. In cash management, a company will try to increase the float by slowing disbursements.
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This glossary post was last updated: 20th November, 2021 | 0 Views.