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Glossary > C > "Corporate processing float" Definition

Corporate processing float

The time that elapses between receipt of payment from a customer and the depositing of the customers check in the firms bank account; the time required to process customer payments.

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Corporate processing float \ The time that elapses between receipt of payment from a customer and the depositing of the customers check in the firms bank account; the time required to process customer payments.

Corporate processing float / the time that elapses between receipt of payment from a customer and the depositing of the customers check in the firms bank account; the time required to process customer payments.