"Float"is the delay between purchases made on credit and the ultimate payment for those purchases.

Name: "Float"is the delay between purchases made on credit and the ultimate payment for those purchases.
Brand: Quizplus
Rating: 4.9 (55 reviews)

Question

Quizplus · Accepted Answer

"Float" refers to the time interval between when a transaction is made on credit and when the payment is actually processed and cleared from the payer's account, effectively allowing the payer to earn interest on the funds until they are deducted.

"Float"is the Delay Between Purchases Made on Credit and the Ultimate