float definition
The time between when a check is written and when the check clears the bank account on which it is drawn.
The time between when a check is written and when the check clears the bank account on which it is drawn.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.