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Definition of Collection float
The negative float that is created between the time when you deposit a check in your account
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
Sum of disbursement float and collection float.
Checks deposited by a company that have not yet been cleared.
The ratio of accounts receivables to sales, or the total
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.
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
The number of shares that are actively tradable in the market, excluding shares that are held by officers
floating rate bond.
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.
An exchange rate system characterized by the absence of government intervention. Also known as
Inverse floating rate note
A variable rate security whose coupon rate increases as a benchmark interest rate declines.
In-house processing float
Refers to the time it takes the receiver of a check to process the payment and
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
Company-written checks that have not yet cleared.
Average Collection Period
Average number of days necessary to receive cash for the sale of
Checks already deposited that have not yet been cleared.
Procedures to collect and monitor receivables.
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 flexible exchange rate system in which the government does not intervene.
A flexible exchange rate system in which the government intervenes.
Floating Exchange Rate
See flexible exchange rate.
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.
Risk of Collection
Chance that a borrower or trade debtor will not repay an obligation as promised.
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