Business terms and jargon explained. Your business dictionary

What is BACS

BACS Ltd runs a payment scheme and provides central infrastructure for bulk electronic clearing and the management and provision of related payment services in the UK. It processes a number of different payment services direct credits, direct debits and standing orders. It currently has 15 direct members.

Crown Copyright. Material taken from HM-Treasury. Reproduced under the terms and conditions of the Click-Use Licence.

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Mutual Linking Agreement Sui juris Consolidated supervision CPEI
Pensions Ombudsman Pre-Registration Expenses Loading Pass Tenant At Will
Hash Function Grant of probate Compounded Settlement N285 Civil Court form
Mens rea Togrog Core Competencies Exempt Persons
Contingent order Quality Assurance Minority Interest Deferment Trader
Merchant Bank Assurance Local Justice Area Tax Form - P6
Equal opportunities policy Abbreviated Accounts DNS Organic growth
Bullionism Chargeable Income Published Information Call Back Pay
CRN European Central Bank - ECB DTI system Macro Virus
Financial Capital Garnishee Order Group Incentive Weak dollar

Term created / updated 2007-04-05 18:02:10

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