AUTOMATIC IDENTIFICATION The way a machine can identify a container or item with capture technologies.
AUTOMATED COMMERCIAL ENVIRONMENT (ACE) The Customs agency system used to process imports and exports. It is faster and decreases time lost moving goods. It also increases security.
AUTOMATIC INCREASE IN BENEFIT PROVISION When the payment anounts increase by a percent agreed upon for a certain time period. This applies to disability coverage.
AUTOMATED MANIFEST SYSTEM (AMS) A computer system the Customs agency use to check invoices on imports. The carriers, port, freight stations, and service personel can use this.
AUTOMATIC INVESTMENT PLAN An agreement that allows withdrawals periodically from an account to invest in a mutual fund.
AUTOMATED PURCHASE SYSTEM A system when a firm is connected to its vendors. Goods can be bought directly as well as services. Both authentication and leverage are automatically given.
AUTOMATIC NON PROPORTIONAL REINSURANCE Coverage to prevent losses that may be greater than the limit allowed.
AUTOMATED TELLER MACHINE (ATM) A machine that a bank customer can use to access their account after hours with their card and pin. No teller is needed for this.