Difference between revisions of "Accounts receivable conversion"

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[[Category:Payment_and_Clearing_Systems]]
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[[Category:Cash_management]]

Latest revision as of 15:28, 15 October 2013

US.

(ARC). An automated clearing house transaction format that allows the electronic clearing and settlement of cheques by converting them to electronic transactions at lockboxes or other collection sites.

Also known as conversion.


See also