WORD OF THE DAY: OFF-THE-RUN - refers to a term used to describe all but the most recently issued treasury or agency securities in a particular maturity class. For instance, at any given time, there may be a number of U.S. Treasur ... More
1. ) Also called check-clearing or transit float, it refers to the time between the date a check is deposited in a bank and the date it is charged to the drawer. Also called check-clearing or transit float. This is not the same as float.
Fund Letters
