Automated Clearing House definition

Automated Clearing House or “ACH” means a national and governmental organization that has authority to process electronic payments, including, but not limited to, the national automated clearing house association and the federal reserve system.

Automated Clearing House or “ACH” shall mean the automated clearing house as designated by Buyer and agreed upon by the Parties.

Automated Clearing House. Network or "ACH Network" shall mean the network of participants involved in an ACH transaction, including parties originating Entries, ODFIs, RDFIs and parties receiving Entries.

Examples of Automated Clearing House in a sentence

• The Commonwealth will make contract payments through the Automated Clearing House (ACH).

• The Fund, its transfer agent, and any of their respective agents or affiliates will not be liable for acting upon instructions believed to be genuine and in accordance with the procedures described in the prospectus or the rules of the Automated Clearing House.

• Contractors shall contact their financial institution/bank to establish an account authorizing Automated Clearing House (ACH) Direct Debit payments to Pay.gov.

• The Government may make payment by EFT through either the Automated Clearing House (ACH) network, subject to the rules of the National Automated Clearing House Association, or the Fedwire Transfer System.

• All payments of principal and interest on the Notes will be made in U.S. dollars as Automated Clearing House (ACH) deposits into an account designated by each Holder at the Site.

More Definitions of Automated Clearing House

Automated Clearing House or “ACH” means an electronic network for financial transactions administered by NACHA-The Electronic Payments Association.

Automated Clearing House means any corporation or association which operates an electronic clearing and transfer mechanism for the transfer of preauthorized recurring debits and credits between financial institutions on behalf of the financial institutions’ costumers.

Automated Clearing House or “ACH” means a central distribution and settlement point for the electronic clearing of debits and credits between financial institutions.

Automated Clearing House means a facility that processes debit and credit transactions under rules established by a Federal Reserve Bank operating circular on automated clearing house items or under rules of an automated clearing house association.

Automated Clearing House or “ACH” means a national and governmental organization with authority to process electronic payments, including the National Automated Clearing House Association and the Federal Reserve System.

Automated Clearing House. (ACH) means any entity that operates as a clearing house for elec- tronic debit or credit entries pursuant to an agree- ment with an association that is a member of the National Automated Clearing House Association.

Automated Clearing House or “ACH” means the network operated by the Federal Reserve and financial institutions to electronically process and settle funds transfers between financial institutions.