___________float results from the delay between the time when a customer deducts a payment from the checking account ledger and the time when the vendor actually receives the funds in a spendable form.
A) Mail
B) Disbursement
C) Collection
D) Processing

Question

Quizplus · Accepted Answer

Collection float refers to the delay between when a payment is deducted from a customer's account and when the vendor receives the funds.

___________Float Results from the Delay Between the Time When a Customer