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CHAPSee: Clearing House Automated Payments SystemCHAP Similar MatchesCHAPSCHAPSClearing House Automated Payment System. An electronic way of transferring money between accounts. Subchapter MSubchapter MAn IRS regulation dealing with investment companies and real estate investment trusts that avoid double taxation by distributing interest, dividends, and capital gains directly to shareholders, who are taxed individually. Chapter 11Chapter 11In the US a company can file for protection under Chapter 11 of the country's bankruptcy laws. The company continues to operate under existing management while working with its creditors to reorganise the business. Note that there are different Chapters, with different implications. Clearing House Automated Payments System (CHAPS)Clearing House Automated Payments System (CHAPS)A computerized clearing system for sterling funds that began operations in 1984. It includes 14 member banks, nearly 450 participating banks, and is one of the clearing companies within the structure of the Association for Payment Clearing Services (APACS). Chapter 11 ProceedingsChapter 11 ProceedingsProvisions of the Bankruptcy Reform Act under which the debtor firm is reorganized by a court because the estimated value of the reorganized firm exceeds the expected proceeds from its liquidation. Further SuggestionsChapter 11Subchapter S |
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