Green Book

AAA

DEFINITION of 'Green Book'

A comprehensive guide for financial institutions processing federal government automated clearing house (ACH) payments and collections. Federal guidelines ruling payment for goods and services with credit and debit cards and other electronic payment instruments.


INVESTOPEDIA EXPLAINS 'Green Book'

Today, the vast majority of federal payments and collections are done electronically. The ACH is a system that facilitates these electronic funds transfers.

RELATED TERMS
  1. Electronic Bill Payment & Presentment ...

    A process used by companies to collect payments via the internet, ...
  2. Check Clearing For The 21st Century ...

    A federal law that took effect on October 28, 2004, and gives ...
  3. Electronic Check

    A form of payment made via the internet that is designed to perform ...
  4. National Automated Clearinghouse ...

    A non-profit membership association charged with overseeing the ...
  5. Electronic Payments Network - EPN

    An electronic automated clearing house (ACH) that serves as the ...
  6. Automated Clearing House - ACH

    An electronic funds-transfer system run by the National Automated ...
Related Articles
  1. Economics

    Inside National Payment Systems

    Investopedia explains: The global interconnection of U.S. payment systems makes commerical and financial transfers possible.
  2. Fundamental Analysis

    An Introduction To The International Monetary Fund (IMF)

    Chances are you've heard of the IMF. But what does it do, and why is it so controversial?
  3. Trading Systems & Software

    The Global Electronic Stock Market

    The way trading is conducted is changing rapidly as exchanges turn toward automation.
  4. Fundamental Analysis

    Cash Flow From Operating Activities

    Cash flow from operating activities is a section of the Statement of Cash Flows that is included in a company’s financial statements after the balance sheet and income statements.
  5. Trading Strategies

    Under what circumstances is short selling advisable?

    Find out when short selling a stock is profitable and what an investor should keep in mind before deciding to pursue a short sale investment strategy.
  6. Fundamental Analysis

    What are the differences between a change in accounting principle and a change in accounting estimate?

    Learn how to differentiate between a change in accounting principle and a change in accounting estimate and how accountants should treat each type.
  7. Fundamental Analysis

    What are the differences between gross profit and net income?

    Find out how companies determine gross profits and net income, and how these figures provide quick snapshots of their financial health.
  8. Investing Basics

    10 Common Financial Terms Every Newbie Needs To Know

    In order to get a better understanding of what you read in markets news, we’ll briefly explore the terms you commonly encounter.
  9. Chart Advisor

    ChartAdvisor for Aug. 8, 2014

    A weekly technical summary of the major U.S. indices.
  10. Investing Basics

    Elves And Gnomes: Fairy Tale Investment Terms

    What do elves have to do with investing? Meet the fairytale creatures running around Wall Street.

You May Also Like

Hot Definitions
  1. Treasury Bond - T-Bond

    A marketable, fixed-interest U.S. government debt security with a maturity of more than 10 years. Treasury bonds make interest ...
  2. Weight Of Ice, Snow Or Sleet Insurance

    Financial protection against damage caused to property by winter weather specifically, damage caused if a roof caves in because ...
  3. Weather Insurance

    A type of protection against a financial loss that may be incurred because of rain, snow, storms, wind, fog, undesirable ...
  4. Portfolio Turnover

    A measure of how frequently assets within a fund are bought and sold by the managers. Portfolio turnover is calculated by ...
  5. Commercial Paper

    An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories ...
  6. Federal Funds Rate

    The interest rate at which a depository institution lends funds maintained at the Federal Reserve to another depository institution ...
Trading Center