| 单词 | FLOAT |
| 释义 | (1) The value of all cash balances that result from delays in SETTLEMENT and processing of checks, DRAFTS, and other payments; collection float represents lost interest to depositors while payment float represents a gain to payers. (2) Funds established by an INSURER to pay for incurred losses under INSURANCE contracts. (3) The act of issuing new securities in the PRIMARY MARKET. |
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