From the viewpoint of the payee,the delay between when a check is written and when the money actually leaves the account is called collection float.

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Collection float refers to the time period between when a check is deposited into a bank account and when the funds are available for use; it is not from the viewpoint of the payee regarding the delay between writing a check and the money leaving the account.

From the Viewpoint of the Payee,the Delay Between When a Check