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Clearing float

• The delay between deposit of a payment and when spendable funds become available to the firm. This refers to the time it takes for a cheque to clear.

 
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If you have an important point to make, don't try to be subtle or clever. Use a pile driver. Hit the point once. Then come back and hit it again. Then hit it a third time - a tremendous whack. - Winston Churchill, Sir (1874-1965)

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