Funds that have been sent by the payer but are not yet usable funds to the payee are

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

Quizplus · Accepted Answer

Float refers to funds that have been sent by the payer but have not yet been credited or made available to the payee. This delay may occur due to processing time, transfer time or clearing time. During the float period, the funds are not usable to the payee and may be used by the payer for other purposes.

Funds That Have Been Sent by the Payer but Are