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Definition of Clear Card
A credit card from which payments are deducted over subsequent time periods.
A collection of 32 regional electronic interbank networks used to
The large clearing banks that dominate deposit taking and short-term lending in the domestic
Certificates of Amortized Revolving Debt. Pass-through securities backed by credit card receivables.
A trade is carried out by the seller delivering securities and the buyer delivering funds in proper form.
To eliminate a long or short position, leaving no ownership or obligation.
A computerized clearing system for sterling funds
An international wire transfer system for high-value
A member firm of a clearing house. Each clearing member must also be a member of the
An adjunct to a futures exchange through which transactions executed its floor are settled by a
One of two principal clearing systems in the Eurobond market. It began operations in 1968, is
Firms that clear on more than one exchange.
Total demand for loans by borrowers equals total supply of loans from lenders. The market,
A wholly owned subsidiary of the Midwest Stock
The right of the seller of a Treasury Bond futures contract to give notice of intent to deliver
A system of non-financial performance measurement that links innovation, customer and process measures to financial performance.
balanced scorecard (BSC)
an approach to performance
a card given to selected employees as a
standard cost card
a document that summarizes the direct
Automated Clearing House (ACH)
A banking clearinghouse that processes direct
The I-551 Permanent Resident card, held by a resident alien.
A credit card into which a company directly deposits an employee's net pay.
A bank document containing the signatures of all approved signatories
A document or electronic record on which an employee records his or
A revolving source of credit with a pre-established limit. You have to pay interest on a credit card if you have an outstanding balance.
A card which enables you to directly access your bank account when paying for purchases. So instead of paying in cash or with a credit card, a debit card allows the specified amount of the purchase to be electronically debited, or withdrawn, from your bank account. See Interac Direct Payment for an explanation of the actual procedures that you follow at the point of sale (POS) terminal to use your debit card.
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