The delivery or transmission float is the delay in transferring the means of payment from the payer (customer) to the payee (the provider of goods or services).

Question

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The statement is true. The delivery or transmission float refers to the time taken for the payment to be transferred from the payer to the payee. This delay can occur due to various factors such as processing time, geographic distance, and banking procedures.

The Delivery or Transmission Float Is the Delay in Transferring