Funds that have been sent by the payer,but are not yet usable by the payee are called

Name: Funds that have been sent by the payer,but are not yet usable by the payee are called
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Float refers to funds that have been sent by the payer but are not yet usable by the payee because they are still in transit or have not been cleared by the bank. This can occur with checks, electronic transfers, and other forms of payment. Tax balance and ledger balance are not relevant in this context.

Funds That Have Been Sent by the Payer,but Are Not