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Home > QFINANCE Dictionary > Definition of CHAPS

Definition of

CHAPS

Banking

means of rapid electronic transfer of substantial funds Clearing House Automated Payment System: a method for the rapid electronic transfer of funds between participating banks on behalf of large commercial customers, where transfers tend to be of significant value.

Related definitions of "CHAPS"

Definitions of ’CHAPS’ and meaning of ’CHAPS’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’CHAPS’ and other financial terms with our online QFINANCE Financial Dictionary.

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