Meaning CLEARING HOUSE AUTOMATED PAYMENTS SYSTEM (CHAPS): A computerized clearing system for sterling funds that began operations in 1984. It includes 14 member banks, nearly 450 participating banks, and is one of the clearing companies within the structure of the Association for Payment Clearing Services (APACS)
More terms such as Clearing House Automated Payments System (CHAPS) in Dictionary C.
- Definition Commercial Property:
- Examples Real estate that produces some sort of income-producing property clearing house automated payments system (chaps) definition.
- Definition Chartists:
- Examples A technical analyst who charts the patterns of stocks, bonds, and commodities to find trends in patterns of trading used to advise clients. Related: Technical analysts clearing house automated payments system (chaps) explain.
- Definition "Clean Your Skirts":
- Examples In the context of general equities, make all your obligated calls ; check with all prior obligations in a security. Often preceded by subject to clearing house automated payments system (chaps) what is.
- Definition Cash Earnings:
- Examples A firm's cash revenues less cash expenses, which excludes the costs of depreciation clearing house automated payments system (chaps) meaning.
- Definition Commercial Loan:
- Examples A short-term loan, typically 90 days, used by a company to finance seasonal working capital needs clearing house automated payments system (chaps) abbreviation.
