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Meaning / Definition of
Disbursement Float
Categories: Banking,
The delay in time between the disbursement of a check to its clearing through the bank system. The float is reflected as a reduction in the cash ledger, but remains as part of the balance in the companies checking account. In cash management, a company will try to increase the float by slowing disbursements.
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Definition / Meaning of
Sarbanes-Oxley Act (SARBOX, SOX, SOx) Of 2002
Categories: Insurance,
removed
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