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Donna is upset because she has returned to college in her late 30s. She feels so "old" and out of step compared to the other students, who nearly all are in their late teens and early twenties. Donna's feeling best reflect the issues surrounding the concept of:
Net Float
The difference between checks written against and deposited in an account, which has not yet been cleared and credited or debited.
Writes Cheques
The act of creating a written document instructing a bank to pay a specific amount of money from the writer's account.
Cheques Clear
Refers to the process by which a bank verifies that the funds available in the account of the individual who wrote the cheque are sufficient to cover the amount, and subsequently moves those funds to the account of the cheque recipient.
Incremental Bad Debt
Additional losses expected from non-payment or default by borrowers beyond what was originally anticipated.
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