CHAPS
‘Clearing House Automated Payment System’. An electronic system that lets you pay money from one bank account to another on the same day. Banks often charge a fee for a CHAPS payment.
Popular terms
Market auction
A market auction refers to the process where buyers and sellers place orders to buy or sell investments, with those...
Fair Value Assessment (FVA)
A check on whether an investor receives a reasonable benefit from an investment product or service for the price they...
Aquis Stock Exchange
An alternative junior marketplace to the Alternative Investment Market (AIM), offering a place for small and typically less mature...