collection float
Definition
Total amount representing (1) checks posted by customers but not received, (2) checks received but not yet deposited, and (3) checks deposited but not credited to the firm's account. See also float and payment float.
Popular 'Accounting & Auditing' Terms
collection float in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/collection-float.html
