Financial Definitions – Automated Clearing House
An automated clearing house (aka ACH) is an automated data system that keeps information on banking clients and accounts for sharing between banks and finance companies. This data was kept on analogue tape and later digital tape. ACH data is now 100% digital in most banking institutions.
Other Entries That Might Interest You:Financial Definitions – Automated Bond System --->The Automated Bond System (ABS) is simply a database used in the New York Stock Exchange (NYSE). It tracks offers and bids in traded bonds that are inactive - this is tracked until the stocks or bonds are cancelled. There....Financial Definitions – Assessed Valuation --->The dollar value given to a property by the city, town, or municipality. This is for figuring out and assessing taxes. They base these valuations on the count of "mills per dollar" of assessed valuation. For instance, if a house....Personal Financing – If You Don’t Have Real Estate Yet – Get Some --->No matter what your age is or how late you've started in your retirement planning, it's never to late to buy real estate. I've worked along side co-workers who don't own their own property, and yet they made the same....Financial Definitions – Arithmetic Mean --->An average created by dividing the sum of two or more financial items by the number of financial items.
....Financial Definitions – Arbitrageur --->A firm, person, or financing company working in arbitrage. Arbitrageurs try to make a profit when the same security or commodity is trading at different prices in more than two markets. Firms, financial houses, and people working with risk arbitrage....
Comments are closed.