Float, or Money Tied Up in the Process of Check

question 133

True/False

Float, or money tied up in the process of check clearing, consists of transit float arising from the administrative functions of the payee that delay the actual deposit of the check and processing float created in the Federal Reserve's check clearing system.

---

Definitions:

Recognition

The action or process of acknowledging someone's achievements, status, or rights.

Tolerance

Tolerance is the willingness to accept and permit beliefs or behaviors that one might disagree with, without imposing one's own views.

Risk Taking

The act of undertaking actions that involve uncertainty or potential loss, with the expectation of achieving gain or growth.

Compensation

The total amount of the financial and non-financial pay offered to an employee by an employer in return for work performed as required.