Automated Clearing House (ACH): A collection of 32 regional electronic interbank networks used to process transactions electronically with a guaranteed one-day bank collection float.

 

Related Words

Automated Clearing House (ACH): A collection of 32 regional electronic interbank networks used to process transactions electronically with a guaranteed one-day bank collection float.

National Securities Clearing Corporation (NSCC): A clearing corporation that facilitates the settlement of accounts among brokerage firms, exchanges, and other clearing corporations.

Ninth House: Also known as the House of Philosophy. It represents religion, travel, foreign countries, in-laws, higher education, publishing, import/export and ethics.

National Association Of Securities Dealers Automated Quotation System (NASDAQ): NASDAQ is a computerized stock trading network that allows brokers to access price quotations for stocks being traded electronically or sold on the floor of a stock exchange.

Nonclearing Member: An exchange member firm that is not able to clear transactions, and must pay another member firm to carry out its clearing operations.

Mortgage-Backed Securities Clearing Corporation (MBSCC): A wholly owned subsidiary of the Midwest Stock Exchange that operates a clearing service for the comparison, netting, and margining of agency-guaranteed MBS transacted for forward delivery.

Market Clearing: Total demand for loans by borrowers equals total supply of loans from lenders. The market, any market, clears at the equilibrium rate of interest or price.

Open House: The common real estate practice of showing listed homes to the public during established hours.

Outer Houses: Those planets whose orbits fall outside the Asteroid Belt; also called major planets because of their larger orbits. See also major planets.

Part Of The Building or House: Said of the 7 or 10 pin when it remains solidly standing after an apparently perfect hit. Used in a phrase such as, That pin must be part of the building.