payment float
11Federal Reserve float — Float is checkbook money that appears on the books of both the check writer (the payor) and the check receiver (the payee) while a check is being processed. Federal Reserve float is float present during the Federal Reserve s check collection… …
12remittance float — Float due to the time a payment is in transit. This is often called mail float since its major component is the time it takes a remittance to move from the remitter to the recipient through the mail. American Banker Glossary …
13international payment and exchange — ▪ economics Introduction international exchange also called foreign exchange respectively, any payment made by one country to another and the market in which national currencies are bought and sold by those who require them for such… …
14Remittance Float — The time it takes for a payment to be sent from the remitter (payer) to the recipient and become liquid again. This term applies to all forms of payment, whether it s a check sent through the mail, an electronic payment or a wire transfer. Most… …
15disbursement float — The total time period between when a check is prepared by the remitter and when the check is presented for payment. This float also includes the delivery float, processing float, and transit float. Disbursement float is the float period for the… …
16Federal Reserve Float — Refers to the over estimation of the country s money supply due to uncleared checks showing as an asset on the books of both the receiving and sending institution. This double accounting for a check occurs because the Federal Reserve generally… …
17bank collection float — See bank float; check clearing 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.… …
18mail float — The time it takes a remittance to move from the remitter to the recipient through the mail. This period can range from one to several days. Also called remittance float; however, remittance float can also result from electronic rather than mail… …
19fed float — The time lag between when the proceeds of a check are available to a bank according to the availability schedule and when the check is actually presented for payment (clears against the payer s bank). The fed float represents the difference… …
20Bank 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. The New York Times Financial Glossary …
