The delay that occurs between the time that a person writes a check and the time that check clears the person's bank is known as _____.
A) load
B) payback
C) prepayment
D) float

Question

Quizplus · Accepted Answer

The delay between the time that a person writes a check and the time that check clears the person's bank is known as float. This delay can occur because it takes time for the check to physically move from one bank to another and for the banks to process the transaction.

The Delay That Occurs Between the Time That a Person