Share on Facebook Share on Twitter Email
Answers.com

Average Daily Float

 
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.

Search unanswered questions...
Enter a question here...
Search: All sources Community Q&A Reference topics
 
 

 

Copyrights:

Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more