Corporate processing float(redirected from Corporate Processing Floats)
Corporate processing float
The time that elapses between receipt of payment from a customer and the deposit of the customer's check in the firm's bank account; the time required to process customer payments.
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Corporate Processing Float
The time required to process a customer's payments. A company may receive a payment, but due to its bank's regulations, or a holiday, or some other reason, it may not be able to process the payment and take the money out of the customer's account for several hours to several days. See also: Check hold.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved