Ask Questions, Get Answers
2
Points
Asked by plafferty62 - 4 years ago
All Answers
Sort By
Show
babe2 Level 5
Answered 4 years ago
-
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
Related Questions
Need Answers Instantly?
About this Question
Open Question
- Compliments
1 Answer
499 Views
Question Discussion
Top Users this Week
rredrick Level 42 College
+1K
Exp
joensf Level 78 PhD
+1K
Exp
kelarsen Level 34 College
+1K
Exp
faxman Level 25 High School
+1K
Exp
labarca Level 63 PhD
+1K
Exp
Additional Links