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.
Related information about average daily float:
- Average Daily Float Definition | Investopedia
1. The dollar amount of checks or other negotiable instruments that are in the process of collection over a certain period, divided by the number of days in the ...
- What is average daily float? definition and meaning
Definition of average daily float: Investing: The average number of shares of stock ... Stock in a closely held company will have a low average daily float and low ...
- Average Daily Float - Financial Dictionary - The Free Dictionary
The availability float over a period of time. One calculates the average daily float by adding the availability float at the beginning of an accounting period to the ...
- Chapter 01 Quiz A
collection delay are as shown below. What is the amount of the average daily float assuming that each month. has 30 days? Customer Check Amount Collection ...
- average daily float Definition | Business Dictionaries from ...
average dollar amount of checks or drafts in the process of collection, and not credited to the account as collected funds or available funds. Also referred to as ...
- Average Daily Float Definition
Average Daily Float -The dollar value of checks or similar negotiable instruments that can be said to be under collection process over a period, divided by.
- Account Analysis
Average Ledger Balance - sum of the daily ledger balances divided by the number of days in an analysis period; Average Daily Float - sum of the daily dollar ...
- Key Concepts and Skills Reasons for Holding Cash
For periodic collections, average daily float = (check amount*days delay) / (# days in period) ... delay is six days, and the average daily float is 6*2000 = $12,000.