Average Daily Float

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Average Daily Float
-The dollar value of checks or similar negotiable instruments that can be said to be under collection process over a period, divided by total number of days of that period
– The number of shares of a company that are outstanding and tradable for the public on an average daily basis.

Recommended for you:

  1. Average Collection Period, or Days’ Receivables
  2. Net Float
  3. Mail Float
  4. Average Life
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