operate
verb

to be in force

Examples
  • The new terms of service will operate from January 1st.

  • The rules operate on inland postal services only.

"...the company gets valuable restaurant locations which will be converted to the family-style restaurant chain that it operates and franchises throughout most parts of the US" [Fortune]

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money manager
effect
Bankers Automated Clearing Services
stakeholder
merchant bank
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price cutting
accounts department
support
Wide Market
invoicing department