processing float

processing float
The internal processing time that an organization takes to prepare a receipt for a deposit or an invoice for payment. American Banker Glossary

Financial and business terms. 2012.

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  • payee processing float — Time between when a payment is received and when the funds are deposited. When employees hold their paychecks over a weekend and when vendors process receipts only once a week, the payor benefits from the extra time its investments earn interest …   Financial and business terms

  • payment processing float — See administrative float. American Banker Glossary …   Financial and business terms

  • float — The use of funds generated as a result of timing differences in the check clearing system. For banks, float occurs because debits given by the Federal Reserve to a bank s reserve account for checks being cleared can be received prior to the time… …   Financial and business terms

  • Corporate processing float — The time that elapses between receipt of payment from a customer and the depositing of the customer s check in the firm s bank account; the time required to process customer payments. The New York Times Financial Glossary …   Financial and business terms

  • In-house processing float — Refers to the time it takes the receiver of a check to process the payment and deposit it in a bank for collection. The New York Times Financial Glossary …   Financial and business terms

  • corporate processing float — The time that elapses between receipt of payment from a customer and the deposit of the customer s check in the firm s bank account; the time required to process customer payments. Bloomberg Financial Dictionary …   Financial and business terms

  • in-house processing float — The time it takes the receiver of a check to process a payment and deposit it in a bank for collection. Bloomberg Financial Dictionary …   Financial and business terms

  • CORPORATE PROCESSING FLOAT — период времени, необходимый для выполнения клиентских платежей; период времени между получением денег от клиента и депонированием чека клиента на банковский счет компании …   Словарь электронного бизнеса

  • administrative float — Float resulting from the time it takes to administratively process checks or other related paperwork. Total elapsed time for processing checks can range from less than a day to more than a week. Note that its basic elements are present whether… …   Financial and business terms

  • Float — The number of shares that are actively tradable in the market, excluding shares that are held by officers and major stakeholders that have agreements not to sell until someone else is offered the stock. The New York Times Financial Glossary * * * …   Financial and business terms

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