Float Time

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Definition: Float Time

Float Time
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Full Definition of Float Time

Amount of time between an individual submitting a payment via check and the time that individual’s bank gets the approval to move funds from the individual’s account. At present, the majority of checks are usually cleared within one business day.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/float-time/
Modern Language Association (MLA):
Float Time. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 23, 2024 https://payrollheaven.com/define/float-time/.
Chicago Manual of Style (CMS):
Float Time. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/float-time/ (accessed: April 23, 2024).
American Psychological Association (APA):
Float Time. PayrollHeaven.com. Retrieved April 23, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/float-time/

Definition Sources

Definitions for Float Time 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.