The three basic components to collection or disbursement float for mailed checks are:

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Quizplus · Accepted Answer

Mail float, processing float, and clearing float are the three basic components of collection or disbursement float for mailed checks. Mail float is the time it takes for the check to be delivered, processing float is the time it takes for the recipient to process the check, and clearing float is the time it takes for the check to clear through the banking system.

The Three Basic Components to Collection or Disbursement Float for Mailed