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It basically means "hold cash", so visa, stripe, insurance companies etc. all get cash from customers, hold it for a period of time, and distribute it to custom
by sambroner 7y ago
It basically means "hold cash", so visa, stripe, insurance companies etc. all get cash from customers, hold it for a period of time, and distribute it to customers.
Holding it for a period of time is "generating float." For many of these companies the float is a large multiple of the profit.