Home
E-Mail
Latest

Payee Processing Float Financial Glossary

What is it? Time between when a payment is received and when the funds are deposited. When employees hold their paychecks over a weekend and when vendors process receipts only once a week, the payor benefits from the extra time its investments earn interest. These beneficial payee processing delays are limited to payments by check. Electronic payments (wire transfers and ACH credits) produce no processing delay at all.

Finance Term Definition Added By: Jada

The Payee Processing Float definition has been viewed 2495 Time(s)!




Send To Friends!

If you'd like to send the Payee Processing Float definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -





We hope you now understand the meaning of Payee Processing Float. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term LTV is (see Loan-to-Value Ratio)

Financial Term payment date is The date that dividends, interest, or principal and interest payments are due to be paid to the owner of record of a security.

Financial Term Renewal is An agreement to continue insurance beyond any original term.

Financial Term Interestonly mortgage is You pay only the interest on your mortgage, but also put money into an investment scheme to pay off the whole mortgage at the end of its term.

Financial Term Personal pensions is These are pensions for individuals. These preceded stakeholder pensions as a way for individuals to invest for their own retirement if they did not have any company pension scheme, or were self employed. These are still available.