Examlex
Which of the following best captures the point of Prinz's paper?
Float
The time difference between when a check is written and deposited and when it is cleared and funds are available, or, in finance, the amount of shares available for trading by the public in the stock market.
Collection Float
The time period between when a check is written and deposited and when the funds are actually available in the payee's account.
Net Float
Net float is the difference between the balance according to the bank's records and the balance according to the company's records, due to checks or other transactions in the process of clearing.
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