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Mail Float

    0.01 sec.
Mail float
Time period that checks for payment spend in the postal system.

Mail Float
A delay in payment resulting from the mailing, rather than the handing over, of a check. It especially applies if the check is delayed or lost in the mail. See also: Check hold.


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Lockbox processing reduces mail float because the provider sends couriers to collect the remittances from the post office box on a more frequent and timely basis than the government itself.
Those issues include the extent to which a respondent's [TABULAR DATA FOR TABLE 1 OMITTED] [TABULAR DATA FOR TABLE 2 OMITTED] organization has already invested in electronic payment technology and the degree to which mail float times provide additional cash-management opportunities.
Commercial customers select lockbox services to accelerate the collection of remittances, reduce mail float and increase funds availability.
 
 
 
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