Automatic Data Processing (ADP)
A private company that 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 financial terms
Automatic withdrawalA mutual fund that gives shareholders the right, but not the obligation, to receive a fixed payment from dividends on a quarterly or monthly basis.
Synchronous data
Data available at the same time. In testing option-pricing models, the price of the option and of the underlying should be synchronous, representing the same moment in the market.
Corporate processing float
The time that elapses between receipt of payment from a customer and the depositing of the customer's check in the firm's bank account; the time required to process customer payments.
ADP
Andorran Peseta (no longer in use) from Andorra.
