Transit float: Difference between revisions
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imported>Doug Williamson (Create the page. Source: ACMF October 2016 p34.) |
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Revision as of 15:47, 10 February 2017
Transit float is the time between the origination of a payment - for example the time a cheque is mailed - and its receipt at the beneficiary's address.
Transit float is also known as postal float, or mail float.
