Automated clearinghouse (ACH) Automated clearinghouse (ACH) is a system that allows payments or withdrawals to and from a bank account by magnetic computer tape.
Automated Teller Machine (ATM) Automated Teller Machine (ATM) refers a machine that dispenses cash from a customer’s account, accepts deposits to the account, or
Coverage for damage to your auto Coverage for damage to your auto, that part of the personal auto policy that pays for damage or theft of the insured automobile. This
Automatic premium loan Automatic premium loan means cash borrowed from a life insurance policy’s cash value to pay an overdue premium after the grace period
Automobile insurance plan Automobile insurance plan formerly called assigned risk plan. Method for providing auto insurance to persons considered to be high-risk drivers who cannot obtain protection in the voluntary markets. All auto
Automatic withdrawal Automatic withdrawal is a mutual fund that gives shareholders the right to receive a fixed payment from dividends on a quarterly or
Autoquote Autoquote indicative prices are generated for many of the financial options contracts traded at LIFFE using standard mathematical models as derived by Black and Scholes and Cox, Ross, Rubinstein.
Auto-Regressive (AR) Auto-Regressive (AR) is a stationary stochastic process where the current value of the time series is related to the past p values, where p is any integer, is called an AR(p) process. When the current value is related to the previous two values, it is an AR(2) process. An AR(1)
Auto-Regressive Conditional Heteroskedasticity (ARCH) Auto-Regressive Conditional Heteroskedasticity (ARCH) is a nonlinear stochastic process, where the variance is time-varying, and a function of the
past variance. ARCH processes have frequency distributions which have high peaks at the mean and fat-tails, much like fractal
Automated Clearing House (ACH) Automated Clearing House (ACH) is a collection of 32 regional electronic interbank networks used to process transactions electronically with a guaranteed
Definition