Which of these is the period of time after a check has been written, but not yet cleared and deposited?
A) liquid current assets
B) safety stock
C) overnight securities
D) float

Question

Quizplus · Accepted Answer

The term "float" refers to the period of time between when a check is written and when it is cashed or deposited. During this time, the money is technically still in the account of the person who wrote the check, but it is not yet available for them to use. This can affect a person's account balance and make it difficult to accurately track their available funds.

Which of These Is the Period of Time After a Check