Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• PREAUTHORIZED CHECK - A process by which the issuer of a check gives written permission to have the che...
  
  
• PREAUTHORIZED CHECKS (PAC) - Checks that are authorized by a payer in advance, and written either by th...
  
  
• PREAUTHORIZED DEBIT - The transfer of funds from a payor's bank account on a specified date to the paye...
  
  
• PREAUTHORIZED DEBITS - a payor approves a transfer from their bank account in advance
  
  
• PREAUTHORIZED ELECTRONIC DEBITS (PAD) - Debits to a bank account in advance by the payer. The payer's b...
  
  
• PREAUTHORIZED PAYMENT - a system established by a written agreement under which a financial institution...
  
  
• PREBID CONFERENCE - A conference held with potential bank bidders to explain a request for proposal and...
  
  
• PRECAUTIONARY DEMAND (FOR MONEY) - The need to meet unexpected or extraordinary contingencies with a bu...
  
  
• PRECAUTIONARY MOTIVE - A desire to hold cash in order to be able to deal effectively with unexpected ev...
  
  
• PRECEDENCE - The established system of priorities of trades in an exchange. For example, the highest bi...