Payment float: Difference between revisions
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imported>Doug Williamson m (Spacing 21/8/13) |
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The time interval between the receipt of an invoice by the payor, including the credit period, and the time the payor’s bank account is charged for funds in payment of the invoice. May also be quantified and expressed in cash amounts. | The time interval between the receipt of an invoice by the payor, including the credit period, and the time the payor’s bank account is charged for funds in payment of the invoice. | ||
May also be quantified and expressed in cash amounts. | |||
== See also == | == See also == | ||
* [[Processing float]] | * [[Processing float]] | ||
Revision as of 13:57, 21 August 2013
The time interval between the receipt of an invoice by the payor, including the credit period, and the time the payor’s bank account is charged for funds in payment of the invoice.
May also be quantified and expressed in cash amounts.
