Financial system lexicon the financial system lexicon, although not exhaustive, has been created as an aid to consistent usage. Heres a quick guide to help you navigate banking terms. An actuary is an expert on pension scheme assets and liabilities, life expectancy and. Having launched it originally in 2004 we have now updated it with modern terminology to meet with the increasing demand for the book. This excellent guide will help ordinary people understand financial, tax and legal documents. Glossary of supply chain terms logistics and supply chain. Glossary of banking terms and definitions wealth how. So, weve brought together a glossary for the most common terms to help you get up to speed. 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. 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. 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. Transfer to the name and number of the account to which you are transferring funds, which you enter in the create transfer field in tcf online banking.
For example, mortgages often have fiveyear terms but 25year amortization periods. 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. The terms of the written power of attorney may specify when it will expire. The bank of canada glossary contains definitions of terms from various fields, including economics, finance and currency. Learn these definitions of common personal banking terms to navigate the banking world like a pro. German terminology of banking institut fur computerlinguistik. Council of supply chain management professionals cscmp. These terms are taken from cfis advanced financial modeling course on mergers and acquisitions modeling. A time deposit that is payable at the end of a specified amount of time or term. Cds are insured by the fdic up to applicable limits. Jan 09, 2017 banking terminology is not always the easiest to follow.
This guide provides easytounderstand definition and explanation of financial terms arranged in alphabetical order. Jul 10, 2017 in accounting terms, the opposite of debit. Further constructions are formed by joining various kinds of clauses to declarative and imperative. While many of us are aware of basic banking terms, there is a plethora of confusing technical terminology associated with banking and finance. If you have questions or need more information, please call us at 4107500020. However, since banking is a significant part of our business and personal life, it is useful for consumers to learn some common banking terms. Only accounts that are enabled for transfers are listed. In a merger, the bank that absorbs the bank acquired.
More advanced account reconciliation services combine electronic data provided by the. So, weve brought together a glossary for the most common terms to help you get up to. Common banking terms, glossary, bank accounts banksa. 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. Usually the grade aaa is given to the best debt obligation or. When rbi provides a loan to the bank for shortterm between 1 to 90 days, rbi takes some interest from the bank. Annual fee the administration fee charged each year on a credit card account. A number of the terms have other noninvestment related meanings, which we have not captured. The cscmp is a notforprofit professional business organization consisting of individuals throughout the world who have interests andor responsibilities in logistics and supply chain management, and the related functions that make up these professions.
Total allowance for credit losses consists of counterpartyspecific, collectively assessed allowance for. Pdf complete list of banking terms with definitions for. The dictionary is intended to supplement rather than replace expert investment advice. Below you will find key words and definitions to help you better understand the terms used in the financial services industry. An sql command that allows you to check if data exists, insert data into a table if the data does not exist, and update the data if it does exist. This glossary is for anyone who wants and needs to learn the terms related to the field of money and banking. The guide is an important resource that will help to create a much greater understanding of.
These subsidiaries are companies that are owned or controlled by a national bank and that, among other things, offer banking products and services such as loans, mortgages, and leases. Glossary of banking terms suntrust facts about banking. Glossary of financial banking terms from bank of america. Money spent on a credit card is a shortterm loan from the bank, and credit card users must pay the money back overtime. Learn vocabulary, terms, and more with flashcards, games, and other study tools. An improvement in per share metrics posttransaction after issuing additional shares. Know your banking glossary of central banking related terms. Total allowance for credit losses consists of specific and general allowances. Disclaimer this information is disseminated under the sponsorship of the u.
World bank glossary world bank documents world bank group. Definitions of key terms and phrases used in commercial, retail and investment. One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise. Department of transportation in the interest of information exchange. The terms will be helpful to improve your knowledge in central banking compiled by dr. A service that allows an account holder to obtain account information and manage certain banking transactions through a personal computer via the financial institutions web site on the internet. A special type of bank that is created by a group of banks. A plastic card, issued by a bank that allows people to buy things without cash. So, we ve brought together a glossary for the most common terms to help you get up to. Banking glossary annual percentage rate the rate of interest being charged for a loan over a years time appreciate to grow in value. Backend load a form of sales charge imposed on investors by some. We have included the definitions of terms that are frequently used in the federal bank portal as well.
If you need more information on these terms or any additional terms youve seen, please call 76, 8am 8pm est, monday to saturday. For example, taking the debt from a number of mortgages and combining. This banking terminology pdf will help a lot to acquire basic banking knowledge and can act like a basic banking terminology dictionary. If you withdraw your money early, you pay a penalty.
Check a method of payment in which money is drawn from an account. Glossary of banking terms banking terminology federal. National banks conduct some of their banking activities through companies called operating subsidiaries. Dictionary of banking terms and phrases helpwithmybank. When youre dealing with your finances, unfamiliar words and acronyms can make complicated processes even more confusing. The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business. Here we are providing you, 50 important banking terms useful for upcoming bank exam interview in an easy way. We furnish below the most commonly used terms in central banking in an alphabetical order. These include basic representations, events of default and termination events, numerous contractual housekeeping items, and a list of key definitions. The amount payable by the customer to the bank under the terms and. Annual percentage rate apr the yearly rate that is charged for borrowing, which represents the annual cost of funds over the term of the loan. The contract governing your openend credit account, it provides information on changes that may occur to the account. The bank may refer to this as a durable power of attorney. We provided some important abbreviation related to banking.
Below are the basic banking terminology one must know. 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. Over 18000 financial and investing definitions, with links between related terms. Account ownership there are a number of different types of account ownership. Banking terminology can be confusing, especially to people who are new to the commercial banking world. For new users and people who are not familiar with the banking, terminologies have a look at this page here. This is all done in a single command and is an efficient command used in etl processes. It will be easy for you to prepare for upcoming bank exams interviews.
A nongaap financial measure used to assess each of the banks businesses and to measure the banks overall performance. Glossary of banking terms alliance for local economic prosperity. This wealthhow article presents to you a glossary of banking terms and definitions that might help resolve your doubts. Working on this glossary, we went through many authoritative glossaries to pick up the useful contemporary words for the readers of this. April 14, 2015 dear all welcome to the refurbished site of the reserve bank of india. The body of the master agreement presents the most common legal and operating terms and conditions that could apply to derivatives transactions between parties to the agreement. We have expanded this years edition of the investment dictionary by. It is the highest rated bond that gives maximum returns at the time of maturity. This az pocket guide to understanding financial terms is just one of the achievements of ebss partnership with nala. A laymans guide to financial terms utsc university of toronto.
We hope, it may help you in competitive exams acronyms. A basic account reconciliation service may simply be a listing of paid checks in serial number order. We have written this a to z guide to help you to understand some of the terms you will come. Investorwords the most comprehensive investing glossary on the web.
One or more of a series of bank services designed to aid a deposit customer in the reconciliation of its bank account balance. The words, expressions, institutions and definitions of the banking and. The a to z of financial terms plain english campaign. Any and all persons designated and authorized to transact business on behalf of an account.
Glossary financial and banking terms adjusted results. Commercial banking have you ever had a conversation with your banker and felt as though he or she were speaking a different language. Here we are giving 25 most common basic banking terms and definitions. How to use merge in informatica ec68900 apr 11, 2012 9.
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