Service in which payments are received by mail and a bank will pick up the payments multiple times a day. The payment is deposited into the account of the company and the bank then notifies the company of the deposit that was made.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser