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Financial Terms | |
Wire house |
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Definition of Wire houseWire houseA firm operating a private wire to its own branch offices or to other firms, commission houses or
Related Terms:Automated Clearing House (ACH)A collection of 32 regional electronic interbank networks used to Automated Clearing House (ACH)A banking clearinghouse that processes direct Bank wireA computer message system linking major banks. It is used not for effecting payments, but as a Block houseBrokerage firms that help to find potential buyers or sellers of large block trades. Clearing House Automated Payments System (CHAPS)A computerized clearing system for sterling funds Clearing house / ClearinghouseAn adjunct to a futures exchange through which transactions executed its floor are settled by a Clearing House Interbank Payments System (CHIPS)An international wire transfer system for high-value ![]() Commission houseA firm which buys and sells future contracts for customer accounts. Related: futures FedwireA wire transfer system for high-value payments operated by the Federal Reserve System. Field warehouseWarehouse rented by a warehouse company on another firm's premises. Field warehouseA warehouse into which service parts and finished goods are In-house processing floatRefers to the time it takes the receiver of a check to process the payment and Public warehouseWarehouse operated by an independent warehouse company on its own premises. Trade houseA firm which deals in actual commodities. Warehouse demandThe demand for a part by an outlying warehouse. Warehouse receiptEvidence that a firm owns goods stored in a warehouse. ![]() wire transferAn electronic transmission of money from one place to another. For example, you might request that your bank transfer money from your bank account in Vancouver to the account of a relative in Quebec City. To do this, you would provide the relative’s name and account number, as well as the address of the bank in Quebec City. Your bank would then "wire" the funds, which would usually arrive within a couple of days. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |