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 Prepackaged Bankruptcy:
- Examples A bankruptcy in which a debtor and its creditors pre-negotiate a plan of reorganization and then file it along with the bankruptcy petition preauthorized checks (pac) definition.
- Definition Policy Limit:
- Examples The maximum dollar amount of coverage provided by an insurance company for a certain policy preauthorized checks (pac) explain.
- Definition Percent To Double:
- Examples Percentage that the stock price has to rise (fall) to double the price of the call (put preauthorized checks (pac) what is.
- Definition Post-Audit:
- Examples A set of procedures for evaluating a capital budgeting decision after the fact preauthorized checks (pac) meaning.
- Definition Post-Dated Check:
- Examples A check that becomes payable and negotiable on a future date specified preauthorized checks (pac) abbreviation.
