- availability float
- checks deposited by a company that have not yet been cleared. Bloomberg Financial Dictionary
Financial and business terms. 2012.
availability float
Look at other dictionaries:
Availability Float — The time period between when a deposit is made and when the funds become available in an account, specifically relating to check deposits. The availability float exists because banks have to process physical checks before releasing funds, meaning … Investment dictionary
Availability float — Checks deposited by a company that have not yet been cleared. The New York Times Financial Glossary … Financial and business terms
availability float — /əˌveɪlə bɪlɪti fləυt/ noun 1. a time between the moment a cheque is deposited and the time the money will have cleared 2. the amount of money in an account represented by deposits which have not yet cleared … Dictionary of banking and finance
fed float — The time lag between when the proceeds of a check are available to a bank according to the availability schedule and when the check is actually presented for payment (clears against the payer s bank). The fed float represents the difference… … Financial and business terms
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