Collection float

The negative float that is created between the time when you deposit a check in your account and the time when funds are made available. The New York Times Financial Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • collection float — The total time period between when a check is prepared by the remitter and when the check is presented to the remitter s bank. The float also includes the mail float, processing float, and transit float, and is considered the disbursement float… …   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

  • Bank collection 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. The New York Times Financial Glossary …   Financial and business terms

  • float — The use of funds generated as a result of timing differences in the check clearing system. For banks, float occurs because debits given by the Federal Reserve to a bank s reserve account for checks being cleared can be received prior to the time… …   Financial and business terms

  • float — The delay in processing transactions by banks and others which may permit the interest free use of funds for brief periods. Checks that have been credited to the depositor s bank account, but not yet debited to the drawer s bank account. The time …   Black's law dictionary

  • float — 1 n 1: an amount of money represented by checks outstanding and in process of collection 2: the time between a transaction (as the writing of a check or a purchase on credit) and the actual withdrawal of funds to cover it float 2 vi of a currency …   Law dictionary

  • Collection item — A collection item (also called a noncash item) is an item presented to a bank for deposit that the bank will not, under its procedures, provisionally credit to the depositor s account or which the bank cannot (due to provisions or law or… …   Wikipedia

  • float — 1) a cork, wood, glass, metal or plastic structure used to support or mark the position of a net. See also bombarda and glass float 2) a plastic, cork or wood device that enables a baited hook to be suspended in the water column and enables fish… …   Dictionary of ichthyology

  • float — I. noun Etymology: Middle English flote boat, float, from Old English flota ship; akin to Old High German flōz raft, stream, Old English flēotan to float more at fleet Date: before 12th century 1. an act or instance of floating 2. something that… …   New Collegiate Dictionary

  • collection account — A bank account opened for the specific purpose of reducing bank float for remittances from specific customers or groups of customers, usually those that are abroad or who pay in a foreign currency …   Accounting dictionary

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