Which term refers to the time it takes for a check to go through the traditional check-clearing process and be paid?
A) Delay
B) Float
C) Defer
D) Hold over
E) Shelve

Question

Quizplus · Accepted Answer

Float is the correct term, referring to the time period between when a check is written and when the bank settles the transaction by transferring funds from the check writer's account to the recipient's account.

Which Term Refers to the Time It Takes for a Check