Collection float is the amount of time that elapses between a check in an account and the check's , at which point the funds are actually placed in the account.
A) depositing; clearing
B) issuing; clearing
C) receiving; being deposited
D) writing; being deposited
E) A and B above

Question

Quizplus · Accepted Answer

Collection float refers to the time between depositing a check and its clearing, when the funds are available in the account.

Collection Float Is the Amount of Time That Elapses Between