The delay between when you receive payment and when the bank gives you credit is called
A) Disbursement Float
B) Net Float
C) Clearing Float
D) Collection Float

Name: The delay between when you receive payment and when the bank gives you credit is called A) Disbursement Float B) Net Float C) Clearing Float D) Collection Float
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Question

Quizplus · Accepted Answer

Collection float occurs when there's a delay between when you receive payment and when the bank gives you credit.

The Delay Between When You Receive Payment and When the Bank