Definition of float

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TeachMeFinance.com - explain float



float -- the time that elapses between the day a check is written and issued and the day it is presented for payment to the financial institution on which it is drawn.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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