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.

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Definitions:

Implementing Agreement

The act of putting into practice or executing the terms and conditions of a settled deal or consensus.

Responsibilities

Duties and tasks that an individual or entity is required to perform or oversee.

Scope

The extent or range of coverage, application, or operation; the breadth of something.

Interests

Refers to the preferences or desires individuals or groups have, which often guide their actions and decisions.