Disbursement Float Is Experienced by a Payee and Is a Delay

question 28

True/False

Disbursement float is experienced by a payee and is a delay in the actual withdrawal of funds.

---

Definitions:

Place of Birth

The geographical location where a person was born.

Ethnic Groups

Communities or populations sharing common cultural attributes, ancestry, language, or beliefs, defining their social identity.

Cultural Factors

Elements of a culture that influence the thoughts, behaviors, and practices of its members, including norms, values, and beliefs.

Racial Group

A racial group is a group of people classified or categorized based on physical characteristics, often skin color, that are considered by society to define a race.