CHIPS Definition

Bookmark and Share

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

Learn new Accounting Terms

UNDER-BILLING is not recovering the full value of the agreed upon price or not billing for the correct amount of services or goods provided (usually unintentional).

LIP ACCOUNT see LOAN-IN-PROCESS ACCOUNT.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.