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Related Definitions
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
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
Automatic withdrawal Automatic withdrawal is a mutual fund that gives shareholders the right to receive a fixed payment from dividends on a quarterly or
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
Automated teller maching (ATM) Automated teller maching (ATM) is a computer-controlled terminal located on the premises of financial institutions or elsewhere, though
Automatic Data Processing (ADP) Automatic Data Processing (ADP) acts as an intermediary to perform proxy services for several banks and brokers. Distributes proxy material to beneficial owners, tabulates the returned proxies, and provides the Corporation or its tabulator compiled reports of the tabulation results. ADP also distributes quarterly reports and other
Automatic exercise Automatic exercise is a protection procedure whereby the Options Clearing Corporation attempts to protect the holder of an expiring in-the-money option by automatically exercising the option on behalf
Automatic funds transfer Automatic funds transfer is a transfer of funds from one account or investment vehicle to another using electronic or telecommunications
Automatic investment program Automatic investment program is a program in which an investor can invest or withdraw funds automatically. A mutual fund, for example, automatically withdraw a pre determined specified amount from the investor's bank .
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