Automated Clearing House Law and Legal Definition
Automated Clearing House is a network that connects all financial institutions and facilitates electronic transfers. This system provides for inter-bank clearing of electronic transactions. This system also facilitates direct deposits, bank transfers and online bill payments.
Legal Definition list
Related Legal Terms
- Adult Member of the Household
- Auction House
- Automated Banking Device
- Automated Broker Interface
- Automated Commercial Systems
- Automated Critical Asset Management System [ACAMS]
- Automated Dispensing System [Food and Drugs]
- Automated Export System
- Automated Export System Applicant
- Automated Export System Direct
