Business Terms and Jargon Explained

What is APACS

The Association for Payment Clearing Services is a non-statutory association of those involved in providing payment services including banks, building societies and the Post Office. Its principal task is to manage the major UK payment clearing schemes through three operational clearing companies: BACS; CCCL; and CHAPS. It currently has 31 members.

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Act Blocked Input Tax Tentative Trust
Take ownership adeem Mediation
Land Registry Fee Accepting house Leverage
Accounting reference date Golden Parachute Goodwill
Imaging Philanthropy Project support Office
Adversarial Application Freehold
Billing Cycle Kickback N337 Civil Court form
Preference Shares Oversold Inland Revenue
Blowfish Real Production
Base Rate Bells and whistles Competitive Advantage
Specific Legacy Backup Gatekeeper
Underwrite Bank Transfer Chattel
Excise Duties Scalability Age admitted

Term created / updated 2007-04-05 17:56:25

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