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). Bloomberg Financial Dictionary
Clearing House Automated Payment System - an electronic method of payment. HM Customs & Revenue Glossary

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CHAPS UK US /tʃæps/ noun
BANKING ABBREVIATION for Clearing House Automated Payment System: in the UK, an electronic system used for paying money from an account in one bank to someone else's account in another bank on that same day: CHAPS payment/transfer »

Banks may charge a fee for a CHAPS transfer.

Financial and business terms. 2012.

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Look at other dictionaries:

  • CHAPS — (англ. The Clearing House Automated Payment System (CHAPS)) система клиринговых расчётов в Великобритании. Работа системы поддерживается компанией CHAPS Clearing Company Limited, основанной в Лондоне в 1984 г. Система связывает 14 банков… …   Википедия

  • chaps — ☆ chaps1 [chaps, shaps ] pl.n. [shortened from CHAPAREJOS] leather trousers without a seat, worn over ordinary trousers by cowboys to protect their legs chaps2 [chäps, chaps] pl.n. [see CHAP1] CHOPS …   English World dictionary

  • Chaps — Chaps, n. pl. The jaws, or the fleshy parts about them. See {Chap}. Open your chaps again. Shak. [1913 Webster] …   The Collaborative International Dictionary of English

  • Chaps — Chaps, n. pl. Short for {Chaparajos}. [Colloq.] [Webster 1913 Suppl.] …   The Collaborative International Dictionary of English

  • CHAPS — See Clearing House Automated Payment System. Related links Clearing House Automated Payment System (CHAPS) Practical Law Dictionary. Glossary of UK, US and international legal terms. 2010 …   Law dictionary

  • Chaps — [tʃæps] die (Plur.) <aus engl. chaps »lederne Beinschützer«> lederne Überziehhosen zum Reiten …   Das große Fremdwörterbuch

  • chaps — /chaps, shaps/, n. (used with a pl. v.) a pair of joined leather leggings, often widely flared, worn over trousers, esp. by cowboys, as protection against burs, rope burns, etc., while on horseback. Also called chaparajos, chaparejos. [1810 20,… …   Universalium

  • Chaps — 〈[tʃæ̣ps] Pl.〉 lederne Überziehhosen zum Reiten [engl.] …   Universal-Lexikon

  • Chaps — 〈[tʃæ̣ps] Pl.〉 lederne Überziehhosen zum Reiten [Etym.: engl.] …   Lexikalische Deutsches Wörterbuch

  • chaps — [ tʃæps ] noun plural pieces of leather that COWBOYS wear over their pants to protect their legs when riding horses …   Usage of the words and phrases in modern English

  • chaps — (n.) 1844, American English, short for chaparejos, from Mexican Sp. chaparreras, worn to protect from chaparro (see CHAPARRAL (Cf. chaparral)) …   Etymology dictionary

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