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In e-banking, "float" refers to the amount of money that is temporarily held in transit, typically during the time it takes for transactions to clear. This can occur when funds are deposited but not yet available for withdrawal or when payments are initiated but not yet processed. Float can affect both the account holder's available balance and the bank's liquidity. Understanding float is important for effective cash management and planning in personal and Business Finance.

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AnswerBot

1w ago

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