ELECTRONIC CHECK PRESENTMENT - ECP
Digital transfer of check information to the paying bank instead of paper to speed up the check cashing process. The Check Clearing for the 21st Century Act allows financial institutions to use electronic check presentment (ECP), saving them from the cost of sending checks and storage of these checks, aside from a better customer service.
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Dual Exchange Rate
Situation in which a currency has a fixed official exchange rate and an illegal preset parallel exchange rate. Such rates are used in various situa ...
Individual Retirement Annuity
Retirement investment vehicle similar to an individual retirement account, except that an annuity contract must be purchased, which is subject to n ...
Bear Squeeze
An alteration in market conditions that pressures negative thinker investors trying to earn from diminishing amounts to buy back an investment at a ...
Recurring Revenue
It is the portion of the revenue of a company that is possible to continue in the future. This is revenue that is stable, foreseeable and may be co ...
Centralized Market
Financial market structure comprised of having all orders transferred to one central exchange without other competing market. Prices quoted on vari ...
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Fixed interest rates.
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