Collection flOat

Collection float:

A) Is the result of sending a cheque through the mail to one of your suppliers.
B) Increases the available balance before it increases the ledger balance.
C) Allows you to earn interest on money that technically is no longer yours.
D) Is equal to a firm's available balance minus the firm's book balance.
E) Can be reduced by slowing down the cheque processing time within a firm.