check-clearing float

The time between the date a check is deposited in a bank and the date it is charged to the drawer.
Also called bank float or transit float. American Banker Glossary

Financial and business terms. 2012.

Look at other dictionaries:

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  • bank float — The time between the date a check is deposited in a bank and the date it is charged to the drawer. Also called bank collection float, check clearing float or transit float. Not the same as float. American Banker Glossary …   Financial and business terms

  • bank collection float — See bank float; check clearing float The time that elapses between when a check is deposited into a bank account and when the funds are available to the depositor, during which period the bank is collecting payment from the payer s bank.… …   Financial and business terms

  • transit float — See bank float; check clearing float …   Financial and business terms

  • National Check Trust — National Check Trust, Inc. (NCT) Type Private Industry Risk Management Founded 1991 Headquarters Miramar, FL, USA Key people Martin (Marty) Halpern Owner President CEO Thom …   Wikipedia

  • Negative Float — The period of time between when a bank customer writes a check and when it is cleared. Negative float is the difference between checks written or actual checks deposited as stated in a check register and the checks that have cleared an account… …   Investment dictionary

  • Book Transfer — The transfer of funds from one deposit account to another at the same financial institution. Book transfer is a way to eliminate check clearing float because unlike with interbank transfers, there is no wait time for intrabank transfers. Check… …   Investment dictionary

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