Examples of ATS in a sentence
Interest-bearing demand deposits, NOW, ATS, and other transaction accounts....................
If withdrawals or transfers by check, draft, or similar instrument are not permitted or authorized, the account is considered either an ATS account or a telephone or preauthorized transfer account.
Transaction accounts consist of the following types of deposits: (a) demand deposits;(b) NOW accounts; (c) ATS accounts; and (d) telephone and preauthorized transfer accounts, all as defined below.
Thus, those transaction accounts that are not demand deposits – NOW accounts, ATS (Automatic Transfer Service) accounts, and telephone and preauthorized transfer accounts – are excluded from Regulation D time and savings deposits.
The object of this clause is to provide the form and substance of the conditions of employment, including the rates of pay, applicable to persons engaged under the Australian Traineeship System (ATS) and who, being a trainee under that system, is covered by this Award.