A decrease in book cash but no immediate change in bank cash, generated by checks written by the firm.
The delay between the time when the company writes the check and the time when its bank charges the checking account for the amount of the check.
The value of the checks which we have written but which are still being processed and thus have not been deducted from our account balance by the bank.
the delay between the issuance of the check and the debit of the funds from the payor's account
Discontinued operations Discretionary cash flow