Which of the following is a component of disbursement float but not a component of collection float?
A) availability float
B) mail float
C) processing float
D) check-clearing float

Question

Quizplus · Accepted Answer

Check-clearing float is a component of disbursement float, as it refers to the time taken for a check to clear and be deducted from the payer's account, which is not part of the collection float.

Which of the Following Is a Component of Disbursement Float