A nationwide electronic funds transfer network which enables participating financial institutions to distribute electronic credit and debit entries to bank accounts and to settle such entries. Automatic Funds Transfer Transactions which occur through computer networks and which do not require direct management. A program that allows an individual to have a set amount electronically transferred from one account to another at a specified frequency. Examples include stock and mutual fund reinvestment programs, defined contribution plans , mutual fund contribution programs, and automatic withdrawal plans. An arrangement in which mutual fund dividends or capital gains are used to purchase additional fund shares , rather than being distributed.
Examples are unemployment compensation and corporate and individual income tax .
An arithmetic mean of a group of stocks designed to represent the overall market or some part of it, differing from an index in that it is not weighted. The Dow Jones Industrial Average is the most common average. The average time period for which receivables are outstanding . Equal to accounts receivable divided by average daily sales. The average amount that exists in an account over a period of time.