Collection 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 (Link with Collection page.) |
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''Cash management'' | |||
The time interval between a payer (or payor) making a payment and the beneficiary receiving value. | The time interval between a payer (or payor) making a payment and the beneficiary receiving value. | ||
Collection float results in an opportunity cost or loss to the person collecting. | Collection float results in an opportunity cost or loss to the person collecting. | ||
Depending on the payment instrument, collection float may include: | |||
*Transit float | |||
*Processing float | |||
*Clearing float | |||
== See also == | == See also == | ||
* [[Float]] | *[[Clearing float]] | ||
*[[Collection]] | |||
*[[Disbursement float]] | |||
*[[Float]] | |||
*[[Opportunity cost]] | |||
*[[Processing float]] | |||
*[[Transit float]] | |||
[[Category: | [[Category:Cash_management]] | ||
Latest revision as of 19:22, 8 July 2017
Cash management
The time interval between a payer (or payor) making a payment and the beneficiary receiving value.
Collection float results in an opportunity cost or loss to the person collecting.
Depending on the payment instrument, collection float may include:
- Transit float
- Processing float
- Clearing float
