Preauthorized Checks (PAC)

Business / Finance / Preauthorized Checks (PAC): Checks that are authorized by a payer in advance, and written either by the payee or by the payee's bank and then deposited in the payee's bank account.

Preauthorized Electronic Debits (PAD)

Business / Finance / Preauthorized Electronic Debits (PAD): Debits to a bank account in advance by the payer. The payer's bank sends payment to the payee's bank through the Automated Clearing House (ACH) system. MORE

Travelers Checks

Business / Accounting / Travelers Checks: Documents that function as cash but can be replaced if lost or stolen. Travelers’ checks are often used when traveling to other countries. MORE

Preauthorized Checks (PAC)

Business / Finance / Preauthorized Checks (PAC): Checks that are authorized by a payer in advance, and written either by the payee or by the payee's bank and then deposited in the payee's bank account. MORE

Planned Amortization Class (PAC)

Business / Finance / Planned Amortization Class (PAC): (1) The class of CMO that has the most stable cash flows and the lowest prepayment risk of any class of CMO Because of a stable cash flow, it is considered the least risky CMO (2) A CMO bond class tha MORE

P1-Derived Artificial Chromosome (PAC)

Science / Genetics / P1-Derived Artificial Chromosome (PAC): One type of vector used to clone dna fragments (100- to 300-kb insert size: average, 150 kb) in escherichia coli cells. Based on bacteriophage (a virus) p1 genome. MORE

Independent Checks

Business / Accounting / Independent Checks: Procedures for continual internal verification of other controls. indirect method: A method of reporting net cash flow from operations that involves converting accrual-basis net income to a cash basis MORE

Links
Home
Glossary
Thesaurus