The time delay between when a check is written and when funds are available to the payee is called the float.

Question

Quizplus · Accepted Answer

The statement is true. The float refers to the time period between when a check is written and when the money is deducted from the payer's account and made available to the payee. During this time, the payer's account balance still includes the amount of the check, creating a temporary increase in available funds, which is referred to as the float.

The Time Delay Between When a Check Is Written and When