Examlex
What is a disadvantage of the current political lobbying system?
Float
Money tied up in the check-clearing process.
Check Clearing
Check clearing is the process through which banks verify and process the transfer of funds from the check issuer's account to the recipient's account, finalizing the transaction.
Transit Float
The time difference between when a payment is made and when it is available in the recipient's account.
Processing Float
The time delay between when a check is written and when it is actually deducted from the payer's account, often utilized in managing company cash flows.
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