Disbursement float: Difference between revisions
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imported>Doug Williamson m (Amended term in line with CertICM content, Chapter 2, Section 2.6, slightly changing wording and adding who profits and adding category) |
imported>Doug Williamson (Add header.) |
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''Cash management'' | |||
The time interval or cash amount outstanding between the time a payor makes a payment and the time the bank debits the payor’s account. | The time interval or cash amount outstanding between the time a payor makes a payment and the time the bank debits the payor’s account. | ||
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* [[Cheque clearing]] | * [[Cheque clearing]] | ||
*[[Disbursement]] | *[[Disbursement]] | ||
*[[Collection float]] | |||
[[Category: | [[Category:Cash_management]] | ||
Latest revision as of 19:20, 8 July 2017
Cash management
The time interval or cash amount outstanding between the time a payor makes a payment and the time the bank debits the payor’s account.
Disbursement float results in an opportunity gain to the person disbursing.
