refers to funds that have been dispatched by a payer but are not in a form...
refers to funds that have been dispatched by a payer but are not in a form that can be spent by the payee.
A.
Banker's acceptance
B.
A direct send
C.
Lockbox
D.
Float
Homework Answers
Ans D. Float refers to funds that have been dispatched by a payer but are not in a form that can be spent by the payee.
A float rate fund is one that invests in financial instruments that pays variable or floating interest rate.
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