Asynchronous Transfer Mode (ATM)

Asynchronous Transfer Mode (ATM) is a WAN technology that uses fiber-optic media to support up to 622-Mbps transmissions rates. ATM uses no error checking and has a 53 byte fixed-length cell.

ATM definition in Banking & Finance:

ATM - Automated teller machines through which a bank customer can access his or her deposit account, make loan payments, or obtain information and other services.

Share it:  Cite

More from this Section

  • Beneficiary
    Beneficiary is the seller or exporter in whose favour the documentary credit has been ...
  • Option
    Option is the right of choice or election of a buyer or seller.It is a contract that gives ...
  • Earnings risk
    Earnings risk is the danger that earnings for a banking organization may fluctuate widely ...
  • Subpart F.
    Subpart F. is a type of foreign income, as defined in the U.S. tax code, which under certain ...
  • Appraisal clause
    Appraisal clause used when the insured and insurer agree that the loss is covered, but ...