TERMIUM Plus®

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EFFET HORS PLACE [1 record]

Record 1 2009-02-03

English

Subject field(s)
  • Banking
  • Finance
CONT

... the widespread dependence upon notes rather than upon deposits has given the central banks with monopolistic power of note issue a position of special strength. This has been of particular significance in the collection of "out-of-town" bills. Bills payable in communities other than those in which they are held are discounted, simply for collection purposes, from five to seven days before they mature.

CONT

Customer checks to pay out-of-town bills funnel back through the Fed and are charged against its reserves.

Key term(s)
  • bill to be paid out of town
  • out of town bill

French

Domaine(s)
  • Banque
  • Finances
CONT

Opérations d'escompte [...] 1 - Effets sur place [...] 2 - Effets hors place [...]

Spanish

Campo(s) temático(s)
  • Operaciones bancarias
  • Finanzas
DEF

Efecto de comercio con pago en lugar distinto de aquel en que ha sido negociado.

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