Collections float
Collections float is a float created while funds from customers' checks are being deposited and cleared through the check collection process.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Collections float. Float created while funds from customers' checks are being deposited and cleared through the check collection process.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
