Bank collection float

Bank Collection Float
Bank Collection Float definition :
The time that elapses between when a check is deposited into a bank account and when the funds are available to the depositor, ...

Bank collection float
The time that elapses between when a check is deposited into a bank account and when the funds are available to the depositor, during which period the bank is collecting payment from the payer's bank.

Automated Clearing House (ACH) A collection of 32 regional electronic interbank networks used to process transactions electronically with a guaranteed one-day bank collection float.

The time between the date a check is deposited in a bank and the date it is charged to the drawer. Also called bank collection float, check-clearing or transit float. Not the same as float.
bank name risk or bank name liquidity risk ...

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Automated Clearing House
Average collection period, or days' receivables
Bank collection float
Collection float
Collection fractions ...

A collection of 32 regional electronic interbank networks used to process transactions electronically with a guaranteed one-day bank collection float. Automated Customer Account Transfer (ACAT) ...

Sometimes called serial correlation Automated Clearing House (A.C.H.) A collection of 32 regional electronic interbank networks used to process transactions electronically with a guaranteed one-day bank collection float. Automated Order System (A.O.

See also: Collection float, Banks, Bills, Expense, Federal Reserve System