Definition: Interquartile range is the measure of dispersion which is the difference in the values of two quartiles. The Lower Quartile is denoted as Q 1 and the Upper Quartile is denoted as Q 3.
What is an eCheck? Essentially, an eCheck or electronic check is a form of online payment where money is electronically withdrawn from the payerâs checking account, transferred over the ACH network, and deposited into the payeeâs checking account.
Electronic Funds Transfer (EFT) An EFT (also sometimes referred to as Direct Deposit) is a method of electronically paying a vendor or person instead of. issuing a cheque. Overall, EFT is the preferred method of electronic payment â this is the lowest cost option of payment. due to automated handling both at the UofA and throughout the banking system.