- collection float
- The total time period between when a check is prepared by the remitter and when the check is presented to the remitter's bank. The float also includes the mail float, processing float, and transit float, and is considered the disbursement float for the organization that issues the check. American Banker Glossary————The period between the time is a check is deposited in an account and the time funds are made available. Bloomberg Financial Dictionary
Financial and business terms. 2012.