Collection time and collection delay (bank collection float, banking delay)

The duration between the deposit at the bank of a check accepted for payment by a third party and the crediting of the amount by the institution to the depositor’s account (the time that passes between when a check is deposited into a bank account and when the sum is available to the depositor, during which period the bank is collecting payment from the payer’s bank). – See collection, cashing, check availability block.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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