Advertising

Ach automated clearinghouse debits

• Preauthorized electronic withdrawal from the payer's account and deposit into the payee's account via a settlement among banks by the automated clearinghouse.

 
 Embedded terms in definition
 Clearinghouse
Settlement
 
 Related Terms
 Ach
Ach automated clearinghouse credits
Automated clearing house
Clearing house automated payment system
Clearing house or clearinghouse
Clearinghouse
National association of securities dealers automated quotation system
Preauthorized electronic debits

<< Ach automated clearinghouse credits Acid test ratio >>

What to Know Before Declaring Your Financial Independence: Twenty-somethings may not realize it, but every time they enter a new phase of their life as young adults - perhaps starting college, a career or a family - they're also venturing into a new world of money management. Here are ways to be prepared. More...

There is one thing stronger than all the armies in the world; and that is an idea whose time has come. - Victor Hugo

Advertising



Copyright 2009-2017 GVC. All rights reserved.