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  2. Automated clearing house - Wikipedia

    en.wikipedia.org/wiki/Automated_Clearing_House

    Credit transfer: non-immediate transfer of funds between accounts at different financial institutions for payments by retail customers and non-urgent business-to-business payments. Direct debit payment of consumer bills such as mortgages, loans, utilities, insurance premiums, rents, and any other regular or membership style payment. These type ...

  3. Wise (company) - Wikipedia

    en.wikipedia.org/wiki/Wise_(company)

    On 7 July 2021, Wise went public with a direct listing on the London Stock Exchange and was valued at $11 billion. [34] On 27 June 2022, the Financial Conduct Authority reported that the Wise CEO, Kristo Käärmann, was included on their list of individuals and businesses receiving penalties for a deliberate default regarding their tax affairs ...

  4. Medium of exchange - Wikipedia

    en.wikipedia.org/wiki/Medium_of_exchange

    In economics, a medium of exchange is any item that is widely acceptable in exchange for goods and services. [1] In modern economies, the most commonly used medium of exchange is currency . Most forms of money are categorised as mediums of exchange, including commodity money , representative money , cryptocurrency , and most commonly fiat money .

  5. Delivery versus payment - Wikipedia

    en.wikipedia.org/wiki/Delivery_versus_payment

    The process involves the simultaneous delivery of all documents necessary to give effect to a transfer of securities in exchange for the receipt of the stipulated payment amount. Alternatively, it may involve transfers of two securities in such a way as to ensure that delivery of one security occurs if and only if the corresponding delivery of ...

  6. Financial system in Australia - Wikipedia

    en.wikipedia.org/wiki/Financial_system_in_Australia

    setting up monthly direct debits to pay recurring bills such as credit card bills; transferring funds to other bank accounts, also known as third party transfers; payment of wages and salaries; government tax refunds and payments. Participants of BECS exchange direct entry (DE) files at intervals through the day. Net positions are usually ...

  7. Election deposit - Wikipedia

    en.wikipedia.org/wiki/Election_deposit

    In Australian federal elections, a candidate for either the Australian House of Representatives or the Australian Senate is required to pay a deposit of $2,000. [1] [2] The deposit is refunded if the candidate or group gains at least 4% of first preference votes in the relevant electoral division.

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