inter-bank clearing house

inter-bank clearing house
general banking institution for settling debts on checks

English contemporary dictionary. 2014.

Look at other dictionaries:

  • Clearing House Inter-Bank Payments System — CHIPS A US bankers clearing house for paying and accepting funds. It is an electronic system operated through terminals in bank branches. Participating banks must be members of the New York Clearing House Association or affiliates of it, for… …   Big dictionary of business and management

  • automated clearing house — noun A nationwide electronic funds transfer system that provides for inter bank clearing of electronic payments, such as credit card transactions. An ACH transaction is an electronic fund transfer through the Federal Reserve Bank from a checking… …   Wiktionary

  • Clearing (finance) — In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled. Clearing is necessary because the speed of trades is much faster than the cycle time for completing the underlying… …   Wikipedia

  • Bank — For other uses, see Bank (disambiguation). Banker and Bankers redirect here. For other uses, see Banker (disambiguation). Banking …   Wikipedia

  • bank — ▪ I. bank bank 1 noun [countable] 1. BANKING a business that makes its profit by paying interest to people who keep money there and charging a higher rate of interest to borrowers who borrow money from the bank. Different types of bank provide a… …   Financial and business terms

  • Inter-American Biodiversity Information Network — The Inter American Biodiversity Information Network (IABIN) is a network dedicated to the adoption and promotion of ecoinformatics standards and protocols in all the countries of the Americas, thus facilitating the sound use of biological… …   Wikipedia

  • Bank of India — Infobox Company company name = Bank of India company company type = Public (BSE:BOI) foundation = location = key people = industry = Financial Commercial banks num employees = homepage = Bank of India (BoI), established on 7 September, 1906 is a… …   Wikipedia

  • Bank AL Habib — For the original bank with a similar name, see: Habib Bank Infobox Company company name = Bank AL Habib Limited company company type = Private KSE: BAHL LSE: BAHLTFC company slogan = Your Bank Nationwide foundation = Karachi, 1991 location =… …   Wikipedia

  • Trustee Savings Bank — Infobox Defunct Company company name = TSB Bank plc. company company type = Public foundation = 1985 (as TSB Bank plc.); 1810 (first Trustee Savings Bank) industry = Banking products = Banking location = London, England, UK defunct = 1995 fate =… …   Wikipedia

  • Williams & Glyn's Bank — Limited Former type Subsidiary undertaking Industry Financial Services Fate Merger with parent Successor Royal Bank …   Wikipedia