Transit float: Difference between revisions
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imported>Doug Williamson (Create the page. Source: ACMF October 2016 p34.) |
imported>Doug Williamson (Add link to Collection float page.) |
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* [[Cheque]] | * [[Cheque]] | ||
* [[Clearing float]] | * [[Clearing float]] | ||
* [[Collection float]] | |||
* [[Processing float]] | * [[Processing float]] | ||
Revision as of 15:53, 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.
