Mail float
Refers to the part of the collection and disbursement process where checks are trapped in the postal system. |
Similar financial terms
GreenmailSituation in which a large block of stock is held by an unfriendly company, forcing the target company to repurchase the stock at a substantial premium to prevent a takeover.
Inverse floaters
Bonds whose coupon rate moves in the opposite direction from the change in interest rates.
Floater
Floating rate bond
Payment float
Company-written checks that have not yet cleared.
Net float
Sum of disbursement float and collection float.
Managed float
Also known as "dirty" float, this is a system of floating exchange rates with central bank intervention to reduce currency fluctuations.
Collection float
The negative float that is created between the time when you deposit a check in your account and the time when funds are made available.
Corporate processing float
The time that elapses between receipt of payment from a customer and the depositing of the customer's check in the firm's bank account; the time required to process customer payments.
