Home > Term: Preauthorized checks (PAC)
Preauthorized checks (PAC)
Checks that are authorized by a payer in advance, and written either by the payee or by the payee's bank and then deposited in the payee's bank account.
- Szófaj: noun
- Ipar/Tárgykör: Financial services
- Kategória: General Finance
- Company: Bloomberg
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