Automatic stay


 

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Automatic stay

The restricting of liabilityholders from collection efforts related to collateral seizure. Automatically imposed when a firm files for bankruptcy under Chapter 11.



Automatic stay

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Automatic funds transfer

Automatic funds transfer

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


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A protection procedure whereby the Options Clearing Corporation attempts to protect the holder of an expiring in-the-money option by automatically exercising the option on behalf of the holder.


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An automatic extension of time granted to a taxpayer to file a tax return.


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