Float means the amount of funds tied up in cheques that have been written but are still in process and have NOT yet been collected.

Name: Float means the amount of funds tied up in cheques that have been written but are still in process and have NOT yet been collected.
Brand: Quizplus
Rating: 4.8 (48 reviews)

Question

Quizplus · Accepted Answer

Float refers to the time gap between when a check is written and when the funds are actually deducted from the payer's account, during which the funds are considered to be in a state of limbo and not yet collected by the payee.

Float Means the Amount of Funds Tied Up in Cheques