Disbursement Float Results from the Delay Between the Time That

question 193

True/False

Disbursement float results from the delay between the time that a payer or customer deducts a payment from its checking account ledger (disburses it) and the time that the payee or vendor actually receives these funds in a spendable form.

---

Definitions:

Germanium

A chemical element with the symbol Ge and atomic number 32, a metalloid used in semiconductors and fiber optics.

Neutrons

Neutral particles found within an atom's nucleus, not possessing any electric charge and contributing to the atom's mass.

Cobalt

A chemical element with symbol Co, known for its magnetic properties and used in alloys, batteries, and as a pigment.

Isotope

Variants of a particular chemical element that differ in neutron number, and consequently in nucleon number, but not in proton number.