Automatic funds transfer


 

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Automatic funds transfer

A transfer of funds from one account or investment vehicle to another using electronic or telecommunications technology.



Automatic funds transfer

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Automatic withdrawal

Automatic withdrawal

A mutual fund that gives shareholders the right to receive a fixed payment from dividends on a quarterly or monthly basis.


Automatic Data Processing (ADP)

Automatic Data Processing (ADP)

Acts as an intermediary to perform proxy services for several banks and brokers. Distributes proxy material to beneficial owners, tabulates the returned proxies, and provides the Corporation or its tabulator compiled reports of the tabulation results. ADP also distributes quarterly reports and other corporate information to the beneficial owners.


Automatic trade

Automatic trade

A term used by the London Stock Exchange to denote a trade generated by the system through automatic execution.


National Association of Securities Dealers Automatic Quotation System (Nasdaq)

National Association of Securities Dealers Automatic Quotation System (Nasdaq)

An electronic quotation system that provides price quotations to market participants about the more actively traded common stock issues in the OTC market. About 4000 common stock issues are included in the Nasdaq system.


Automatic licensing

Automatic licensing

The licensing of imports or exports for which licenses are assured, for gathering information, or a holdover from when licenses were not automatic. Depending on how the licensing is administered, automatic licensing can add to the bureaucratic and/or time cost of trade.


Further Suggestions

Automatic exercise
Automatic reinvestment
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