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.
Related information about corporate processing float:
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The time that elapses between receipt of payment from a customer and the deposit of the customer's check in the firm's bank account; the time required to ...
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Corporate processing float. The time that elapses between receipt of payment from a customer and the depositing of the customer's check in the firm's bank ...