|Bank collection float
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Definition of Bank collection float
Bank collection float
The time that elapses between when a check is deposited into a bank account and when the funds are available to the depositor, during which period the bank is collecting payment from the payer's bank.
A collection of 32 regional electronic interbank networks used to
A form of organization commonly used by foreign banks to enter the U.S. market. An agency
Checks deposited by a company that have not yet been cleared.
The ratio of accounts receivables to sales, or the total
Notes issued by states and municipalities to obtain interim financing for
A convention used for quoting bids and offers for treasury bills in terms of annualized
A draft addressed to a bank.
Line of credit granted by a bank to a customer.
A computer message system linking major banks. It is used not for effecting payments, but as a
A short-term credit investment created by a non-financial firm and guaranteed by a
An international bank headquartered in Basel, Switzerland, which
State of being unable to pay debts. Thus, the ownership of the firm's assets is transferred from
The argument that expected indirect and direct bankruptcy costs offset the other
The risk that a firm will be unable to meet its debt obligations. Also referred to as default or insolvency risk.
The argument that expected bankruptcy costs preclude firms from being financed entirely
Clearing House Interbank Payments System (CHIPS)
An international wire transfer system for high-value
The negative float that is created between the time when you deposit a check in your account
The percentage of a given month's sales collected during the month of sale and each
Procedures followed by a firm in attempting to collect accounts receivables.
A merchant banking subsidiary set up by several banks that may or may not be of the
Corporate processing float
The time that elapses between receipt of payment from a customer and the
A system of floating exchange rates in which the government occasionally intervenes to change
A decrease in book cash but no immediate change in bank cash, generated by checks
Eligible bankers' acceptances
In the BA market, an acceptance may be referred to as eligible because it is
A bank that regularly accepts foreign currency denominated deposits and makes foreign currency loans.
Export-Import Bank (Ex-Im Bank)
The U.S. federal government agency that extends trade credits to U.S.
Federal Financing Bank
A federal institution that lends to a wide array of federal credit agencies funds it
Federal Home Loan Banks
The institutions that regulate and lend to savings and loan associations. The
The number of shares that are actively tradable in the market, excluding shares that are held by officers
floating rate bond.
Floating exchange rate
A country's decision to allow its currency value to freely change. The currency is not
General lien against a company's assets or against a particular class of assets.
The amount of securities believed to be available for immediate purchase, that is, in the
A guaranteed investment contract where the credit rating is tied to some variable
Floating-rate note (FRN)
Note whose interest payment varies with short-term interest rates.
In an interest rate swap, the counterparty who pays a rate based on a reference rate,
Preferred stock paying dividends that vary with short-term interest rates.
Foreign banking market
That portion of domestic bank loans supplied to foreigners for use abroad.
An exchange rate system characterized by the absence of government intervention. Also known as
International Bank for Reconstruction and Development - IBRD or World Bank
International bank for Reconstruction and Development makes loans at nearly conventional terms to countries for projects of high
International Banking Facility (IBF)
International banking Facility. A branch that an American bank
Inverse floating rate note
A variable rate security whose coupon rate increases as a benchmark interest rate declines.
Financial intermediaries who perform a variety of services, including aiding in the sale of
In-house processing float
Refers to the time it takes the receiver of a check to process the payment and
A legal proceeding for liquidating or reorganizing a business.
Refers to the part of the collection and disbursement process where checks are trapped in the postal system.
Also known as "dirty" float, this is a system of floating exchange rates with central bank
A British term for a bank that specializes not in lending out its own funds, but in providing
Money center banks
banks that raise most of their funds from the domestic and international money markets, relying less on depositors for funds.
Sum of disbursement float and collection float.
Company-written checks that have not yet cleared.
PIBOR (Paris Interbank Offer Rate)
The deposit rate on interbank transactions in the Eurocurrency market
A bankruptcy in which a debtor and its creditors pre-negotiate a plan or
Society for Worldwide Interbank Financial Telecommunications (SWIFT)
A dedicated computer network to support funds transfer messages internationally between over 900 member banks worldwide.
Wholesale mortgage banking
The purchasing of loans originated by others, with the servicing rights
A multilateral development finance agency created by the 1944 Bretton Woods, New
Money in a bank cheque account, the difference between receipts and payments.
Money owed to the bank in a cheque account where payments exceed receipts.
The process of taking the balances from the bank statement and the general ledger and making adjustments so that they agree.
Average Collection Period
Average number of days necessary to receive cash for the sale of
A comparison between the cash position recorded on a companyâ€™s
Checks already deposited that have not yet been cleared.
The reorganization or liquidation of a firm that cannot pay its debts.
Procedures to collect and monitor receivables.
System whereby customers make payments to a regional collection center which transfers funds to
Security paying dividends or interest that vary with short-term interest rates.
Difference between payment float and availability float.
Checks written by a company that have not yet cleared.
A public agency responsible for regulating and controlling an economy's monetary and financial institutions. It is the sole money-issuing authority.
A flexible exchange rate system in which the government does not intervene.
A privately owned, profit-seeking firm that accepts deposits and makes loans.
A flexible exchange rate system in which the government intervenes.
Federal Reserve Banks
The twelve district banks in the Federal Reserve System.
Floating Exchange Rate
See flexible exchange rate.
Fractional Reserve Banking
A banking system in which banks hold only a fraction of their outstanding deposits in cash or on deposit with the central bank.
Middleman between a corporation issuing new securities and the public. The middleman buys the securities issue outright and then resells it to customers. Also called an underwriter.
The International bank for Reconstruction and Development, an international organization that provides long-term loans to developing countries to improve their infrastructure.
A bill of exchange, or draft, drawn by the borrower for payment on a specified date, and accepted by a chartered bank. Upon acceptance, the bill becomes, in effect, a postdated certified cheque.
An internal department within a company staffed by specialists in collecting past due accounts or accounts receivable.
Charge or assignment on a company's total assets as security for a loan on total assets without specifying specific assets.
Floating Interest Rate
A rate that fluctuates with general market condition.
A financial institution that engages in investment banking functions, such as advising clients in mergers and acquisitions, underwriting securities and taking debt or equity positions.
Risk of Collection
Chance that a borrower or trade debtor will not repay an obligation as promised.
ABM (automated banking machine)
A bank machine, sometimes referred to as an automated teller machine (ATM).
A guaranteed form of payment which is issued in amounts over $5,000.
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