The delay that occurs when funds are sent by a payer to a payee.
A) Float
B) Transmission float
C) Processing float
D) Clearing float

Name: The delay that occurs when funds are sent by a payer to a payee. A) Float B) Transmission float C) Processing float D) Clearing float
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Quizplus · Accepted Answer

Float is the delay that occurs when funds are sent by a payer to a payee. Float can be broken down into processing float, transmission float, and clearing float.

The Delay That Occurs When Funds Are Sent by a Payer