Final answer:
A delay in delivering checks from the writer of a check to the recipient's bank is called availability float. Availability float refers to the time it takes for funds to become available in the recipient's account after the check has been deposited.
Step-by-step explanation:
A delay in delivering checks from the writer of a check to the recipient's bank is called availability float. Availability float refers to the time it takes for funds to become available in the recipient's account after the check has been deposited.
For example, if a person writes a check to pay a bill and mails it to the recipient's bank, there may be a delay of a few days before the funds are actually accessible in the recipient's account. During this time, the funds are considered to be in the availability float.
It is important to note that the availability float can vary depending on various factors such as the distance between the writer's bank and the recipient's bank, the type of check, and any processing delays.