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bank settlement system (G2)<br />An electronic means of transferring deposits between banks to settle their mutual indebtedness. In the USA, Fed Wire is the Federal Reserve's system, Bank Wire is a system for domestic payments and CHIPS is a system for payments between New York banks. Japan has the Zenyin system for interbank transfers. The UK has cHAPs for the clearing banks, as well as BAcs.
repackaging (G2)<br />Selling a portion of a BOND issue by reissuing it as a different type of security which will appeal to another part of the market, e.g. reissuing a fixed rate bond as a FWATING RATE NOTE.
<strong>ELM-NDN</strong> – ELM' s National Disbursing Network (NDN), which provides consolidated disbursement services to schools.
specific egalitarianism (H5)<br />The assignment of particular goods to groups regarded as being most in need to ensure equal distribution of them. A major example is RATIONING in wartime.<br /> See also: egalitarianism
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