CHAPS is Clearing house automated payment system. A computerized payment system for clearing checks in the UK.
DEBT SECURITY is a security representing a loan given by an investor to an issuer. In return for the loan, the issuer promises to pay interest and to repay the debt on a specified date. Debt security issuers may include corporations, municipalities, the federal government, or a federal agency. See CONVERTIBLE and CONVERTIBLE DEBT.
REAUDIT is when an auditor is asked to audit and report on financial statements
that have been previously audited and reported upon.
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