Banking Edit

Float is

[f]unds held by an institution during the check-clearing process before being made available to a depositor. Interest may be earned on these funds.[1]

Contracts Edit

Float is "the amount of time an activity can slip before affecting successor activities."[2]

Project scheduling Edit

Float is the amount of time by which a predecessor activity can slip before the delay affects the program's estimated finish date.[3]

References Edit

  1. FFIEC IT Examination Handbook, Retail Payment Systems, Appendix B: Glossary (full-text).
  2. GAO Review of the Department of Homeland Security's Certification of the Secure Flight Program—Cost and Schedule Estimates, at 8 n.14.
  3. DoD Business Systems Modernization: Air Force Business System Schedule and Cost Estimates, at 4 n.15.

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