English Explanatory Dictionary

automated clearing house

English dictionary entry

Meanings

noun
  1. A nationwide electronic funds transfer system that provides for interbank 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 or savings account.

Word forms

automated clearing house automated clearing houses
This entry uses open data from Wiktionary (CC BY-SA/GFDL). Word forms are used for search and are not indexed as separate pages.
Back to search All on A Russian dictionary Dahl dictionary