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Definition of Mail float
Refers to the part of the collection and disbursement process where checks are trapped in the postal system.
Checks deposited by a company that have not yet been cleared.
Checks already deposited that have not yet been cleared.
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 flexible exchange rate system in which the government does not intervene.
The negative float that is created between the time when you deposit a check in your account
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 flexible exchange rate system in which the government intervenes.
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.
Charge or assignment on a company's total assets as security for a loan on total assets without specifying specific assets.
A country's decision to allow its currency value to freely change. The currency is not
See flexible exchange rate.
A rate that fluctuates with general market condition.
General lien against a company's assets or against a particular class of assets.
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.
Security paying dividends or interest that vary with short-term interest rates.
The amount of securities believed to be available for immediate purchase, that is, in the
An exchange rate system characterized by the absence of government intervention. Also known as
Situation in which a large block of stock is held by an unfriendly company, forcing the target
In-house processing float
Refers to the time it takes the receiver of a check to process the payment and
Inverse floating rate note
A variable rate security whose coupon rate increases as a benchmark interest rate declines.
Also known as "dirty" float, this is a system of floating exchange rates with central bank
Sum of disbursement float and collection float.
Difference between payment float and availability float.
Company-written checks that have not yet cleared.
Checks written by a company that have not yet cleared.
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