check-clearing float

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• check-clearing float — The time between the date a check is deposited in a bank and the date it is charged to the drawer. Also called bank float or transit float. American Banker Glossary …   Financial and business terms

• float — The use of funds generated as a result of timing differences in the check clearing system. For banks, float occurs because debits given by the Federal Reserve to a bank s reserve account for checks being cleared can be received prior to the time… …   Financial and business terms

• Float (money supply) — In economics, float is duplicate money present in the banking system during the time between a deposit being made in the recipient s account and the money being deducted from the sender s account. It makes up the smallest part of the money supply …   Wikipedia

• Float Time — The amount of time between when an individual writes and submits a check as a payment and when the individual s bank receives the instruction to move funds from the account. Before the implementation of the Check Clearing for the 21st Century Act …   Investment dictionary

• Float — The number of shares that are actively tradable in the market, excluding shares that are held by officers and major stakeholders that have agreements not to sell until someone else is offered the stock. The New York Times Financial Glossary * * * …   Financial and business terms

• bank float — The time between the date a check is deposited in a bank and the date it is charged to the drawer. Also called bank collection float, check clearing float or transit float. Not the same as float. American Banker Glossary …   Financial and business terms

• bank collection float — See bank float; check clearing float The time that elapses between when a check is deposited into a bank account and when the funds are available to the depositor, during which period the bank is collecting payment from the payer s bank.… …   Financial and business terms

• transit float — See bank float; check clearing float …   Financial and business terms

• National Check Trust — National Check Trust, Inc. (NCT) Type Private Industry Risk Management Founded 1991 Headquarters Miramar, FL, USA Key people Martin (Marty) Halpern Owner President CEO Thom …   Wikipedia

• Negative Float — The period of time between when a bank customer writes a check and when it is cleared. Negative float is the difference between checks written or actual checks deposited as stated in a check register and the checks that have cleared an account… …   Investment dictionary

• Book Transfer — The transfer of funds from one deposit account to another at the same financial institution. Book transfer is a way to eliminate check clearing float because unlike with interbank transfers, there is no wait time for intrabank transfers. Check… …   Investment dictionary