Ledger balances are those listed on the bank's books, while collected balances equal ledger balances minus float associated with the account.

Negative Collected Balance = Ledger Balance - Float, given Float > Ledger Balance.

Negative collected balance is a term used in accounting to describe accounts that are cannot be collected on. This means that they have tried several times to collect the balance and have been unsuccessful.

The definition is: the daily ledger balances less uncollected checks

divided by the number of days in a period.

Who loaned the money?