ACH Payment
Type: noun
Pronunciation: /ay-see-aitch-pay-ment/
Also spelled or known as: ACH Transfer
Plural: ACH Payments
Related: ACH
What does ACH Payment mean? A payment sent electronically through the Automated Clearing House network.
ACH payments are commonly used for recurring royalty distributions and business transactions.
ACH Payment synonyms: ACH Transfer, Electronic Bank Payment, Direct Bank Transfer
Example sentence: “The songwriter received an ACH payment from the publisher.”
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