Examlex
Excessive development:
Net Float
The difference between checks written against and deposited in an account, which affects the balance available in the account.
Collection Float
The time period between when a payment is made by a customer and when the funds become available in the company's account.
Mail Float
The time gap between when a payment is sent via mail and when it is received and processed, affecting the time when the funds become available.
Processing Float
The time difference between when a check is written and when it is actually cleared and funds are deducted from the account.
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