Dictionary of banking terms and phrases pdf
Glossary of banking terms | American BankerNet 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.
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.
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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.