Automatic Clearing House

Automatic Clearing House definition - finance
A nationwide electronic funds transfer network that lets financial institutions distribute electronic credit and debit entries to bank accounts and settle them. The ACH enables banks to settle accounts with other banks.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.