CHAPS Definition

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CHAPS is Clearing house automated payment system. A computerized payment system for clearing checks in the UK.

Learn new Accounting Terms

SLR see STATUTORY LIQUIDITY RATIO. SLR is an acronym with several other possible meanings, e.g., Stock Level Report, Stock Level Requirement, System Level Requirement(s), etc.

CHURN RATE is the percentage of customers (e.g., cellular telephone subscribers) that cancels their service per month.

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