Meaning PREAUTHORIZED CHECKS (PAC): Checks that are authorized by a payer in advance, and written either by the payee or by the payee's bank and then deposited in the payee's bank account
More terms such as Preauthorized checks (PAC) in Dictionary P.
- Definition Primitive Security:
- Examples An instrument such as a stock or bond for which payments depend only on the financial status of the issuer preauthorized checks (pac) definition.
- Definition P/E Effect:
- Examples That portfolios with low P/E stocks exhibit higher average risk-adjusted returns than those with high P/E stocks. Related: Value manager preauthorized checks (pac) explain.
- Definition Price Gap:
- Examples A term used when the price of a stock rockets or dives in a direction away from its last price range, such as a stock with a trading range of $10-$12 that closes at $12 and climbs to $14 the next day preauthorized checks (pac) what is.
- Definition Principal Exchange-Rated-Linked Securities (PERLS):
- Examples A debt instrument with its principal and interest denominated in U.S. dollars, but with principal repayment depending on the exchange rate of the U.S. dollar against a foreign currency preauthorized checks (pac) meaning.
- Definition Profile Buyer/Seller:
- Examples Trader trying to get involved in a stock who presents self as a buyer/seller to draw a call from a customer. That is the trader has nothing real, or natural preauthorized checks (pac) abbreviation.
