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Collection float |
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Collection float The period between the time is a check is deposited in an account and the time funds are made available. |
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? Mentioned in | ? References in periodicals archive | |
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Automated lockbox services allow incoming payments to bypass the corporate back office and go directly to the bank, virtually eliminating mail handling and manual data entry, while enhancing collection float. Treasury management worked out the payment method, the ACH system, with the VAM card company to reduce the collection float for Susee Inc. |
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Collection float