Commercial Loan Officer Question:
Download Questions PDF

Explain me what is ‘Availability Float’?

Answer:

Availability 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.

Download Commercial Loan Officer Interview Questions And Answers PDF

Previous QuestionNext Question
Explain what is consumer bank?Explain what is ‘Bill Discount’?