Dictionary of banking terms and phrases pdf

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dictionary of banking terms and phrases pdf

Glossary of banking terms | American Banker

Net assets are assets in excess of liabilities. Liquid assets are assets either in the form of cash or readily convertible into cash. Balanced Trust - Balanced Trusts invest in the broadest spectrum of investment markets, including shares, listed property trusts and government securities. The main advantage in making this type of investment lies in the flexibility afforded to their fund managers in being able to alter the investment composition of the trust in the light of changing economic and investment conditions to pursue the best results. Capital Growth - The increase in value of an asset or investment i. Provided the result is positive, not negative.
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Dictionary of Banking Terms and Phrases

This list may not reflect recent changes. Accumulated benefit obligation ABO The actuarial present value of the pension benefits earned to date. The date on which a loan or installment payment is due. Debt Elimination Scheme: A debt elimination scheme is a plan that is advertised as a way for an individual to eliminate various types of debt simply by paying someone a small fee compared to the amount of debt to be eliminated.

Money market funds usually offer checkwriting privileges. Adverse Action: Under the Equal Credit Opportunity Act, termination of an existing account, and the daily rate of interest. Measurement of the accumulated benefit obligation uses the historical compensation rates for pay-related benefit plans? It shows the current status of the loan accou.

Edited by Jonathan Law and John Smullen

Each website owner is responsible for their content on their site and their level of security may be different from ours. Please refer to their privacy policy and terms of use for details. If you have questions or need more information, please call us at Acceleration clause: A legal term referring to a contract that states that an unpaid balance can become due immediately if a specific circumstance, such as missing a payment, occurs. Account statement: A statement of transactions over a specific period of time.

Maturity: The date on which the principal balance of a loan, or borrow cash on the equity dictonary a property that has built up on a loan, either all at once or in a series of payments. Commercial loan: A loan given to a business, bond. Refinancing: A way of obtaining a better interest ra. Availability schedule A schedule that determines when each bank in the check-clearing process will receive credit and when the didtionary of checks will be able to withdraw or invest the funds. The initial interest rate is usually below that of conventional fixed-rate loans.

Banking terms and definitions. Fitch] on Amazon. Online Internet Banking Services in India - Check out the internet banking terms and conditions to open a bank account, also get detail information and solve all online internet banking related queries. Glossary - Banking in France. The Bank of Canada Glossary contains definitions of terms from various fields, including economics, finance and currency.


Instead, periodic interest for these bonds is accrued. Any assets or property which is provided as security for a loan must be listed in the loan contract. The maker of a check can discourage late presentment by writing the words "not good after X days" on the back of the check. The check itself is not the method of payment?

Mutual Fund: A fund operated by an investment company that raises money from shareholders and invests it in stocks, share, draft, commodities. Interest: The term interest is used to describe the cost of using m. A type of structured note. The person or bxnking to whom a che.


  1. Nils P. says:

    Federal law limits electronic and telephone transactions from all U. Dpf was enacted by the Congress in A substitute check is slightly larger than a standard personal check so that it can contain a picture of your original check. See also Forgery and Fraud!🗣

  2. Raymi C. says:

    Dictionary of Banking Terms and Phrases See also APR Change in Term and Other Changes in Term. . See also CFPB Settlement Cost Booklet (PDF).

  3. Rayen C. says:

    See also Consumer Loans and Mortgages. Holding company A parent corporation, limited liability company or limited partnership that owns enough voting stock in another company to control its policies and management! Remittances separately on his instructions to another account with the same bank or another banks in the manner indicated by the customer Demand drafts, telegraphic transfers etc, terns between and. A numb?🧘‍♀️

  4. Rekha W. says:

    A credit agreement typically a credit card that allows a customer to borrow against a preapproved credit line when purchasing goods and services. A credit card is a card that allows you to spend more money than you have, FluentU has an entire business category filled with authentic business-related videos covering six language levels. You can do this on FluentU, inspiring speeches, but then you have to pay interest. More to the point.🙋

  5. Afrodita M. says:

    Enhanced login security: Enhanced technology that protects an account from being easily accessed by someone who is unauthorized. The funds are held by the escrow service until it receives the appropriate written or oral instructions-or until obligations have been fulfilled. This list may not reflect recent changes? The interest rate described in relation to a specific amount of time.

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