Disbursement float: Difference between revisions
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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. | ||
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.
