Such bonds are more marketable, and thus price better in the market, because certain financial institutions that purchase the bonds are given more favorable tax treatment on money they are deemed to have borrowed to carry. The a to z guide to legal phrases plain english campaign. Glossary of terms saving income not spent on current consumption or taxes savings account an interestbearing deposit account at a banking establishment that is not typically used for transactions and has no maturity date scarcity the condition that arises whenever limited resources are insufficient to provide for peoples. We have included the definitions of terms that are frequently used in the federal bank portal as well. The money is immediately electronically subtracted from your account. Total allowance for credit losses consists of counterpartyspecifc, collectively assessed allowance for. Read on for definitions of common commercial banking terms, so the next time you talk to your banker, youll be speaking the same language.
Check a method of payment in which money is drawn from an account. A service that oversees, measures, and evaluates financial information for decision making purposes. In this article, we have created a list of basic banking terminology that a firm must know. Glossary of acquisition terms advance payments for a payment made before any performance of work under a noncommercialitem noncommercial contract. The words, expressions, institutions and definitions of the banking and finance industry can often seem dense and confusing to an undergraduate, even to one aspiring to the financial world themselves. Some institutions require that you use the banks power of attorney forms. The equation that is the basis of the balance sheet. A glossary of terms used in payments and settlement systems. For new users and people who are not familiar with the banking, terminologies have a look at this page here. Glossary of banking terms and definitions while many of us are aware of basic banking terms, there is a plethora of confusing technical terminology associated with banking and finance. Local regulations that set forth the standards and requirements for the construction, maintenance and occupancy of buildings. Over 18000 financial and investing definitions, with links between related terms. Page 2 of 4 bill pay a service from tcf that lets you pay your bills online. An explanation of bank liquidity developed by herbert prochnow, in which the net cash flow of bank borrowers, rather than subsequent new borrowings, is seen as the true source of loan repayments.
Accordingly, to the extent that loans are written with payment terms and maturities that reflect the borrowers cash flow stream, the cash flow to the bank from loan principal payments is the source of bank liquidity. Department of transportation in the interest of information exchange. Any and all persons designated and authorized to transact business on behalf of an account. However, since banking is a significant part of our business and personal life, it is useful for consumers to learn some common banking terms. Acknowledgement admitting that someone has a claim or admitting that a debt exists. Barter this is a way of paying for things, without using money, by exchanging goods. While many of us are aware of basic banking terms, there is a plethora of confusing technical terminology associated with banking and finance. Here we have arranged the banking terminology alphabetically for easy reference. Cds generally pay a fixed rate of interest and, depending on the market rate environment, can offer a higher interest rate than other types of deposit accounts. Royal bank of canada, london branch is a branch of royal bank of canada, a canadian chartered bank registered under part xxiii of the. One or more of a series of bank services designed to aid a deposit customer in the reconciliation of its bank account balance. Backend load a form of sales charge imposed on investors by some. Investorwords the most comprehensive investing glossary on the web. This glossary of common financial terms was created and is used by the bureau for translating consumer education materials from english to spanish.
Use this glossary of mortgage terms to better understand the overall mortgage process as well as any specific mortgage terms that may be unfamiliar to you. Banking terms that begin with d banking terms banking definitions debit debit is a banking term that indicates the amount of money that is owed by a borrower. It terms glossary information technology definitions. Account ownership there are a number of different types of account ownership. Complete list of banking terms with definitions for bank exams powered by. Glossary of general terms and jargon accountant a professional who maintains accounts for businesses and individuals. Glossary of banking terminology explore this financial resource to learn about key banking definitions and terminology at citizens bank, your knowledge about our products is a top priority because it ensures that youre able to make smart financial decisions catered to your personal needs. A record that holds the results of financial transactions. Basic banking terms and definitions saving as basic banking terms and definitions pdf.
Banking terms pdf download gr8ambitionz prepare for. Payment of super senior tranches takes priority over other obligations. Glossary of terms rbc europe limited royal bank of canada, london branch the following words and expressions used on rbc documents shall have the following meanings. Regulation authority and regulated by the financial conduct authority and the prudential regulation authority for uk banking business. Find out everything you need to know about the changes to some of lloyds bank private banking services. The emi expanded the collection with the glossary of its blue book, payment systems in the european union, published in 1996.
This small pdf file of 28 pages covered all important terms related to banking with detailed explanations more than 250 terms are there. Coalition for personal financial literacy, washington, d. Here are a list of financial terms and definitions to help you understand banks, credit, and loans. Glossary of important business, economic, and financial history terms by robert e.
The amount of money in an account at the start of the business day, including all deposits and withdrawals posted the previous night, whether or not the funds have been collected. Banking terms that begin with a banking terms banking definitions aaa aaa is a term or a grade that is used to rate a particular bond. Complete list of banking terms with definitions for bank exams. It also indicates the amount that is payable, or the amount that has been deducted from an account. Pdf a comprehensive glossary of terms in islamic commercial. C charge card balance the amount of all new transactions that have occurred since your last premier plus charge card account statement, including current day activity. Generally, the least preferred method of contract financing. Customers use a magnetically encoded plastic card to access the atm.
The group expects most acceptances to be presented, but reimbursement by the customer is normally immediate. The banking industry uses a wide range of terms and terminologies. Your advisory affiliates are 1 all of your officers, partners, or directors or any person performing similar functions. While lecturing on certain topics, i would occasionally observe puzzled faces upon mentioning some basic financial terms. The bureau is publically sharing it in an effort to further the accessibility of financial information to limited english proficient persons. Glossary financial and banking terms a nongaap fnancial measure used to assess allowance for credit losses. Here we are providing you, 50 important banking terms useful for upcoming bank exam interview in an easy way. It is the highest rated bond that gives maximum returns at the time of maturity.
The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business. An online facility that is made available by some banks or financial organizations, in which all the transactions related to the bank account, credit facilities, debts. Pdf complete list of banking terms with definitions for bank. The bank may refer to this as a durable power of attorney. This az pocket guide to understanding financial terms is just one of the achievements of ebss partnership with nala. Glossary of public finance terms 5 tions pursuant to section 265b of the internal revenue code in any calendar year.
Acknowledgement of service when a defendant agrees that a writ or originating summons claim form since april 1999 has been received. This edition of the world bank has been revised and expanded by the terminology unit in the languages services division of the world bank in collaboration with the english, spanish, and french translation sections. Total allowance for credit losses consists of specific and general allowances. Below you will find key words and definitions to help you better understand the terms used in the financial services industry. Assets that are offered to secure a loan or other credit. Banking law this is the law that governs the banking sector, including money laundering legislation and accounting.
This wealthhow article presents to you a glossary of banking terms and definitions that might help resolve your doubts. It is similar to retail banking with a slight difference that it mainly focuses on the financial needs of the institutional clients and the industry. Balanced fund mutual funds that seek both growth and income in a portfolio with a mix of common stock, preferred stock or bonds. The companies selected typically are in different industries and different geographic regions. Accumulation reinvesting income generated by a fund back into the fund. Working on this glossary, we went through many authoritative glossaries to pick up the useful contemporary words for the readers of this. Definitions of key terms and phrases used in commercial, retail and investment banking and bank regulation. As specified in section 508 of the 1998 rehabilitation act, the process of designing and developing web sites and other technology that can be navigated and understood by all people, including those with visual, hearing, motor, or cognitive impairments. Activities that pertain to securities, commodities, banking, insurance, or real estate including, but not limited to, acting as or being associated with an investment adviser, brokerdealer, municipal securities dealer, government securities broker or dealer. Basic banking terms and definitions pdf free download. Glossary of banking terms and definitions wealth how.
Banking terminology can be confusing, especially to people who are new to the commercial banking world. Disclaimer this information is disseminated under the sponsorship of the u. Endorsements are residual liabilities of the group in respect of bills of exchange which have been paid and subsequently rediscounted. F riends, knowing banking terminology with definitions play a vital role in your success in almost all bank exams and interviews. Glossary of banking terms banking terminology federal. This glossary is for anyone who wants and needs to learn the terms related to the field of money and banking.
The idea of writing a guide like this was conceived when i first taught an introductory finance course at the university of saskatchewan in 1992. More advanced account reconciliation services combine electronic data provided by the. Englishfrench and frenchenglish french, english abstract. Consumers nationwide have engaged with the bureau through public field hearings, listening sessions, roundtables, town halls, the. A abstract of title skip to next word a written history of all the transactions related to the title for a specific tract of land. The payment history of an account over a specific period of time, including the number of times the account was past due or over limit. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement. Glossary of terms rbc europe limited royal bank of canada, london branch. It will be easy for you to prepare for upcoming bank exams interviews. This balance does not include any pending charge card payments. Banking terms and concepts are many and can sometimes be difficult to figure out, even for the industry professionals. Bear market a bear market is a prolonged period of falling stock prices, usually marked by a decline of 20% or more. In many jurisdictions, government regulations require financial institutions, including banks, securities dealers and money services businesses, to establish such programs. A printed or online statement of all the funds paid out by or paid into your account during a statement cycle.
Bare trustee a bare trustee holds property on trust for another person until asked to return the property. The contract governing your openend credit account, it provides information on changes that may occur to the account. Acidic precipitation snow and rain that have a low ph, caused by sulphur dioxide. One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise. A comprehensive glossary of terms in islamic commercial law business, banking and finance article pdf available december 2012 with 2,0 reads how we measure reads. When rbi provides a loan to the bank for shortterm between 1 to 90 days, rbi takes some interest from the bank. While we all know what an account balance is, in the banking parlance, it is the total amount of money in. Pdf complete list of banking terms with definitions for. Financial terminology can be complex, so weve provided definitions of many common financial terms to help with your personal financial planning.
Cds are insured by the fdic up to applicable limits. This is a plastic card that can be inserted into machines to give you cash. A selfservice machine that permits the customer to perform a range of banking related transactions, including deposits, withdrawals, check cashing, and bill payments. If you have questions or need more information, please call us at 4107500020. Aml glossary of terms the system designed to assist institutions in their fight against money laundering and terrorist financing.
The most comprehensive investing glossary on the web. April 14, 2015 dear all welcome to the refurbished site of the reserve bank of india. If you withdraw your money early, you pay a penalty. A nongaap financial measure used to assess each of the banks businesses and to measure the banks overall performance. Glossary financial and banking terms adjusted results.
Here with this post we are providing you the pdf file of bank terms. A time deposit that is payable at the end of a specified amount of time or term. Save as banking terminology pdf or basic banking terms pdfby saving in this name you can easily recognize the file later. The guide is an important resource that will help to create a much greater understanding of. Glossary of financial banking terms from bank of america. Dictionary of banking terms and phrases helpwithmybank. The cfpbs glossary of english spanish financial terms. It is a bond that is sold at good discount as it has no coupon.
Since then, more terms have continually been added with the publication of each new cpss report. Usually the grade aaa is given to the best debt obligation or. Abs cdo super senior super senior tranches of debt linked to collateralised debt obligations of asset backed securities defined below. Glossary of banking terms financial terminology can be complex, so weve provided definitions of many common financial terms to help with your personal financial planning. An individual or firm that acts as an agent between providers and users of products or services, such as a mortgage broker or real estate broker. A device that allows wirelessequipped computers and other devices to communicate with a wired network.
The terms of the written power of attorney may specify when it will expire. So, weve brought together a glossary for the most common terms to help you get up to speed. Wright, director of the thomas willing institute for the study of financial markets, institutions, and regulations and the nef family chair of political economy, augustana college sd this work is not ed. Cmos by private issuers are collectively referred to as nonagency cmos. Banking terms list of important banking terminology pdf. Glossary training industry published on trainingindustry. Clickhere to download the list of important banking terminologies in pdf.