Which Term Refers to the Time It Takes for a Check

question 36

Multiple Choice

Which term refers to the time it takes for a check to go through the traditional check-clearing process and be paid?

• A)Float
• B)Delay
• C)Hold over
• D)Defer
• E)Shelve

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Definitions:

Proprietorship

A business model where a single individual owns the company and is responsible for its assets and liabilities, also known as a sole proprietorship.

Single Individual

Refers to one person acting in a capacity, either personally or legally, without partnership or company.

Business

An organization involved in the trade of goods, services, or both to consumers.

Capital Deficits

Refers to a situation where a company's liabilities exceed its assets, indicating financial weakness or distress.