BACS - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “BACS”

BACS

noun
 
 
/bæks/ BANKING
abbreviation for Bankers' Automated Clearing System: an organization in the UK that deals with payments that are made between bank accounts: The money is transferred through BACS and will reach your account in three to four days.
(Definition of BACS from the Cambridge Business English Dictionary © Cambridge University Press)
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