Mail float

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Mail float

Time period that checks for payment spend in the postal system.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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