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Asked by plafferty62 - 4 years ago
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babe2 Level 5
Answered 4 years ago
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Money that a person or company has spent but that has not yet been taken out of one's bank account. A disbursement float occurs when a person or company writes a cheque when the cheque is deposited, it usually takes a few days for the payment to clear. The disbursement float may be thought of as the difference between what is in one's bank account and what the bank shows to be in the account as the result of an uncleared cheque
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