payment processing float
1payment processing float — See administrative float. American Banker Glossary …
2processing float — The internal processing time that an organization takes to prepare a receipt for a deposit or an invoice for payment. American Banker Glossary …
3payee processing float — Time between when a payment is received and when the funds are deposited. When employees hold their paychecks over a weekend and when vendors process receipts only once a week, the payor benefits from the extra time its investments earn interest …
4Corporate 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 account; the time required to process customer payments. The New York Times Financial Glossary …
5corporate processing float — 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 process customer payments. Bloomberg Financial Dictionary …
6In-house processing float — Refers to the time it takes the receiver of a check to process the payment and deposit it in a bank for collection. The New York Times Financial Glossary …
7in-house processing float — The time it takes the receiver of a check to process a payment and deposit it in a bank for collection. Bloomberg Financial Dictionary …
8float — The use of funds generated as a result of timing differences in the check clearing system. For banks, float occurs because debits given by the Federal Reserve to a bank s reserve account for checks being cleared can be received prior to the time… …
9administrative float — Float resulting from the time it takes to administratively process checks or other related paperwork. Total elapsed time for processing checks can range from less than a day to more than a week. Note that its basic elements are present whether… …
10float — The delay in processing transactions by banks and others which may permit the interest free use of funds for brief periods. Checks that have been credited to the depositor s bank account, but not yet debited to the drawer s bank account. The time …
