When Quicken downloads transactions, it guesses at what the spending categories should be if you don't have one or more categories set up for a payee. Setting up memorized payees makes manually entering transactions faster and ensures that the correct categories are associated with downloaded transactions.
LAN. noun. A system that links together electronic office equipment, such as computers and printers, and forms a network within an office, building, or group of buildings. l(ocal) a(rea) n(etwork) .
LAN vs. WAN. LAN, which stands for local area network, and WAN, which stands for wide area network, are two types of networks that allow for interconnectivity between computers. As the naming conventions suggest, LANs are for smaller, more localized networking â in a home, business, school, etc.