From the payor's perspective,float adds value because of the delay between the point in time when a check _______________ and the point in time when the check ________________________.

Question

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Float adds value to the payor because of the time difference between when a check is written and when the amount is actually debited from the payor's account. This delay allows the payor to earn interest on the funds until they are debited.

From the Payor's Perspective,float Adds Value Because of the Delay