delivery float

The time between when a check is ready for disbursement and when the vendor or employee actually receives it. For vendors, this may be considered the same as mail float. American Banker Glossary

Financial and business terms. 2012.

Look at other dictionaries:

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  • disbursement float — The total time period between when a check is prepared by the remitter and when the check is presented for payment. This float also includes the delivery float, processing float, and transit float. Disbursement float is the float period for the… …   Financial and business terms

  • Milk float — A milk float in Liverpool city centre, June 2005 A milk float is a battery electric vehicle (BEV), specifically designed for the delivery of fresh milk. They were once common in many European countries, particularly the United Kingdom, and were… …   Wikipedia

  • mail float — The time it takes a remittance to move from the remitter to the recipient through the mail. This period can range from one to several days. Also called remittance float; however, remittance float can also result from electronic rather than mail… …   Financial and business terms

  • milk float — noun An electric accumulator battery driven vehicle, designed for the house to house delivery of fresh milk. Common in Europe, especially UK …   Wiktionary

  • milk float — n. (British) small milk delivery car that is powered by means of electricity used for delivering milk and dairy products to houses …   English contemporary dictionary

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