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| Definition Of: |
automated clearing house
An electronic clearing system in which payment orders are exchanged among financial institutions, primarily using magnetic media or via telecommunication networks, and handled by a data-processing centre. See also: clearing
Copyright © 2006, European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the ECB's website.
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Banking INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 A: Page 1 of 3.
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