Reykjavik: Annual Weather Averages July is the hottest month in Reykjavik with an average temperature of 11 Â°C (52 Â°F) and the coldest is January at 0 Â°C (32 Â°F) with the most daily sunshine hours at 6 in July. The wettest month is January with an average of 50mm of rain. The best month to swim in the sea is in July when the average sea temperature is 11 Â°C (53 Â°F).
float - the time interval between the deposit of a check in a bank and its payment interval, time interval - a definite length of time marked off by two instants 2.
check clearing. Movement of a check from the bank in which it was deposited to the bank on which it was drawn, and the movement of its face amount in the opposite direction. This process (called 'clearing cycle') normally results in a credit to the account at the bank of deposit, and an equivalent debit to the account at the bank on which it was drawn. Also called clearing.