CHIPS Definition

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CHIPS is Clearing House Interbank Payment System. A computerized payment system for clearing checks in New York.

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ACCOUNTS RECEIVABLE is a current asset representing money due for services performed or merchandise sold on credit.

FRANC is a currency of: Algeria, Belgium, Benin, Burkina Faso, Burundi, Cameroon, Chad, Comoros, Congo, Djibouti, Equatorial African States, Equatorial Guinea, France, Gabon, Guadeloupe, Guinea, Katanga, Luxembourg, Madagascar, Mali, Martinique, Monaco, Morocco, Niger, Rwanda, Saar, Senegal, Switzerland, Tahiti, Togo, Tunisia, and West African States.

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