A float refers to:
A)an interest charged for only a few days.
B)something one enjoys in a parade.
C)a home equity loan.
D)a period when no interest is charged.
E)a lump-sum loan from a credit union.

Question

Quizplus · Accepted Answer

A float refers to a period when no interest is charged, often associated with the delay between when a check is written and when it is cleared by the bank, allowing the writer to use the funds without interest during this time.

A Float Refers To