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The most common form of passives used by children is:
Ledger Balance
The total balance in a ledger account at a particular point in time, reflecting all transactions up to that moment.
Available Balance
The amount of funds in a checking or savings account that is accessible for immediate use, taking into account any pending transactions.
Net Collection Float
Net collection float refers to the difference in time between when a check is deposited into a bank account and when the funds are available for use, affecting a company's cash flow.
Net Float
The difference between checks written against and deposited in an account, which affects the balance available in the account.
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