HomeDefinitionsCompareDebt CHAPThe financial definition for CHAP:See: Clearing House Automated Payments System Similar MatchesChapter 11 ProceedingsChapter 11 ProceedingsProvisions of the Bankruptcy Reform Act under which the debtor firm is reorganized by a court because the estimated value of the reorganized firm exceeds the expected proceeds from its liquidation. Clearing House Automated Payments System (CHAPS)Clearing House Automated Payments System (CHAPS)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). Subchapter MSubchapter MAn IRS regulation dealing with investment companies and real estate investment trusts that avoid double taxation by distributing interest, dividends, and capital gains directly to shareholders, who are taxed individually. Further SuggestionsSubchapter SClick to compare definitions of CHAP Click to view definitions beginning ch |