Average dollar amount of checks or drafts in the process of collection, and not credited to the account as collected funds or available funds. Also referred to as items in collection.
| Banking Dictionary: Average Daily Float |
Average dollar amount of checks or drafts in the process of collection, and not credited to the account as collected funds or available funds. Also referred to as items in collection.
| 5min Related Video: Average Daily Float |
| Account Analysis (in banking) | |
| Float (in banking) |
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