Automatic Clearing House Law and Legal Definition
Automatic clearing house(ACH) is a national level electronic fund transfer network. The institutions involved distribute electronic credit and debit entries to bank accounts and settles entries. The ACH makes it possible for many people to access funds in their accounts much more quickly and accurately. The ACH serves as a link between the point of origin of a financial transaction and the point of termination of the transaction.
Legal Definition list
- Automatic Call System [Healthcare]
- Automatic Bill Payment
- Automatic Aid
- Automated Underwriting
- Automated Transaction
- Automatic Clearing House
- Automatic Conversion
- Automatic Defibrillation in Adam's Memory Reauthorization Act
- Automatic Energy-Saving Setback Thermostat
- Automatic Flue Damper
- Automatic Identification System [AIS] [National Security]
