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.
sambroner|6 years ago
Holding it for a period of time is "generating float." For many of these companies the float is a large multiple of the profit.