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collection float

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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.
  • accounting

  • payment terms

  • accounting conc...

  • financial manag...

  • marginal benefi...

  • letter of credi...

  • asset

  • revenue

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