Clearing delays that slow the Presentment of out-of-town checks to the paying bank. Mail float is the time lag attributed to checks and Cash Letters arriving from distant points.
Mail Float
| Banking Dictionary: Mail Float |
| 5min Related Video: Mail Float |
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 | Availability (in banking) |
| Data Capture (in banking) |
| Float (in banking) |
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 | Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
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