Disbursement float: Difference between revisions
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imported>Administrator (CSV import) |
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) |
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The time interval or cash amount outstanding between the time a payor | 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. | |||
== See also == | == See also == | ||
* [[Cheque clearing]] | * [[Cheque clearing]] | ||
*[[Disbursement]] | |||
[[Category:Cash_Management]] | |||
Revision as of 15:14, 4 April 2014
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.
