Explain me what is ‘Availability Float'?
Submitted by: MuhammadAvailability Float is a time difference between deposits made, and the funds are actually available in the account. It is time to process a physical cheque into your account.
For example, you have $20,000 already in your account and a cheque of another $10,000 dollar is deposited in your account but your account will show balance of $20,000 instead of $30,000 till your $10,000 dollar cheque is cleared this processing time is known as availability float.
Submitted by: Muhammad
For example, you have $20,000 already in your account and a cheque of another $10,000 dollar is deposited in your account but your account will show balance of $20,000 instead of $30,000 till your $10,000 dollar cheque is cleared this processing time is known as availability float.
Submitted by: Muhammad
Read Online Commercial Loan Officer Job Interview Questions And Answers
Top Commercial Loan Officer Questions
| ☺ | Explain what is consumer bank? |
| ☺ | Tell us what is ‘Crossed Cheque’? |
| ☺ | Explain what is ‘Fixed’ APR and ‘Variable’ APR? |
| ☺ | Explain me what is negative Amortization? |
| ☺ | Please explain what is ‘Credit-Netting’? |
Top Financial Account Categories
| ☺ | CFO Interview Questions. |
| ☺ | Billing Specialist Interview Questions. |
| ☺ | Financial Controller Interview Questions. |
| ☺ | Hedge Fund Trader Interview Questions. |
| ☺ | Budget Analyst Interview Questions. |
