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| Question | Answer |
| ACH Automated Clearing House | An electronic funds-transfer system run by the National Automated Clearing House Association. This payment system deals with payroll, direct deposit, tax refunds, consumer bills, tax payments and many more payment services. |
| AML Anti-Money Laundering | A set of procedures, laws or regulations designed to stop the practice of generating income through illegal actions. In most cases money launderers hide their actions through a series of steps that make it look like money coming from illegal or unethical sources was earned legitimately. |
| APO Army Post Office | Refers to the postal services provided by armed forces that allow serving members to send and receive mail. |
| ATM Automated Teller Machine | An electronic banking outlet, which allows customers to complete basic transactions without the aid of a branch representative or teller. |
| ATM Automated Teller Machine | There are two primary types of automated teller machines, or ATMs. The basic units allow the customer to onlly withdraw cash and receive a report of the account's balance. The more complex machines will accept deposits, facilitate credit card payments and reports account information. To access the advanced features of the complex units, you will usually need to be a member of the bank that operated the machine. |
| APT Asset Protection Trust | A vehicle for holding an individual's assets to shield them from creditors. Asset protection trusts allow, if it difficult for a creditor to seize assets, settle with the debtor on favorable terms instead of engaging in costly litigation. This vehicle has complex regulatory requirements, such as being irrevocable and contains a spendthrift clause. An asset protection trust does provide for occasional distributions, but those distributions must only occur at an independent trustee's discretion. |
| APT Asset Protection Trust | Only a few U.S. states allow asset protection trusts. As of 2012, these include Alaska, Delaware, Rhode Island, Nevada and South Dakota. However, one can establish an asset protection trust in these states without residing there. Offshore financial centers like the Cooks Islands and Nevis also allow individuals to establish asset protection trusts. The trust's documents and administration, along with some or all of the trust's assets, must be located in the same jurisdiction where the trust was established. |
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