HomeDefinitionsCompareDebt Automatic Data Processing (ADP)The financial definition for Automatic Data Processing (ADP):Acts as an intermediary to perform proxy services for several banks and brokers. Distributes proxy material to beneficial owners, tabulates the returned proxies, and provides the Corporation or its tabulator compiled reports of the tabulation results. ADP also distributes quarterly reports and other corporate information to the beneficial owners. Similar MatchesIn house processing floatIn house processing floatThe time it takes the receiver of a check to process a payment and deposit it in a bank for collection. Processing DelayProcessing DelayTime a selling firm takes to record receipt of a payment and deposit it. Regional Check Processing Center (RCPC)Regional Check Processing Center (RCPC)A Federal Reserve check processing operation that clears checks drawn on depository institutions located within a specified area. RCPCs expedite collection and settlement of checks within the area on an overnight basis. Click to compare definitions of Automatic Data Processing (ADP) Click to view definitions beginning au |