Also called "gross balance".
"Float funds" is a term used to describe interest received by banks because of the time lapse between the deposit and payment of checks. When a check is deposited in a bank, it does not get paid immediately. The time between the deposit and payment of the check serves as an opportunity for the paying bank to earn additional interest on the money.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Book Balance — Reflects the total sum of all postings of an account, regardless of other characteristics (such as the funds not yet being cleared) … International financial encyclopaedia
Average book balance — Average of the balance as per the books, irrespective of the value dates of the related transactions. See also Cleared balance, Available balance and Value balance … International financial encyclopaedia
Balance board — A balance board is a device used for recreation, athletic training, brain development, therapy, musical training and other kinds of personal development. It is a lever, similar to a see saw, that the user usually stands on, usually with the left… … Wikipedia
book — 1. noun 1) Nadine and Ian have recommended some good books Syn: volume, tome, publication, title; novel, storybook, anthology, treatise, manual; paperback, hardback, pocket book, e book 2) he scribbled in his book … Thesaurus of popular words
Balance — The amount in an account. See also Cleared balance, Available balance, Average book balance, Average value date balance, Average balance and Value balance … International financial encyclopaedia
Balance wheel — in a cheap 1950s alarm clock, the Apollo, by Lux Mfg. Co. showing the balance spring (1) and regulator (2) … Wikipedia
book — [book] n. [ME bok < OE boc, pl. bec < PGmc * bokiz, beech, beechwood tablets carved with runes < IE * bhagos, beech > BEECH, Gr phagos, L fagus] 1. a) a number of sheets of paper, parchment, etc. with writing or printing on them,… … English World dictionary
Book value — In accounting, book value or carrying value is the value of an asset or according to its balance sheet account balance. For assets, the value is based on the original cost of the asset less any depreciation, amortization or impairment costs made… … Wikipedia
Balance spring — A balance spring, or hairspring, is a fine spiral or helical spring used in mechanical watches, marine chronometers, and other timekeeping mechanisms to control the rate of vibration of the balance wheel. A balance spring usually has a regulator… … Wikipedia
Balance of payments — In economics, the balance of payments, (or BOP) measures the payments that flow between any individual country and all other countries. It is used to summarize all international economic transactions for that country during a specific time period … Wikipedia