F riends, knowing banking terminology with definitions play a vital role in your success in almost all bank exams and interviews. Account ownership there are a number of different types of account ownership. Having launched it originally in 2004 we have now updated it with modern terminology to meet with the increasing demand for the book. A standard way that information is encoded for storage in a computer file. Some institutions require that you use the bank s power of attorney forms.
A public financial institution, usually established at the national level and controlled by a national government, which sets shortterm interest rates, lends money to commercial banks and governments, and otherwise oversees the operation of the credit system. At the same time, other professions adoptedsometimes appropriatedarchival terms. Cash management terms and conditions bank of the west. The stay precludes creditors from taking action against the debtor or the debtors property. A nongaap financial measure used to assess each of the banks businesses and to measure the banks overall performance.
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. The remittance entity can be an ordinary shop selling goods that has an arrangement with a correspondent business in another glossary of antimoney laundering terms. Automatic stay an injunction that automatically becomes effective upon the filing of any bankruptcy proceeding. By accepting or using any services, you agree to all the terms and conditions, as in effect at the time you use the services. Agent the insurance company representative who sells policies on behalf of the insurer. Refers to commission, fees or wages charged for services. Glossary of insurance terms actuary a professional trained in the mathematics of insurance and risk management, including the calculations of premiums, policy reserves and other values. In a series of providing free study material for sbi po exam. A feature available in certain programs like internet explorer, firefox, and acrobat reader.
The guide is an important resource that will help to create a much greater understanding of. Current assets those items owned by the firm which are usually turned into cash within the normal operating cycle of the business usually twelve months. 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. Knowledge and skill testing is based on many of these terms. Basic banking terms and definitions pdf free download. The ultimate open banking glossary the open banking hub. It terms glossary information technology definitions.
A computer terminal for user initiated banking transactions. Credit card a credit card is an identity card issued by a lender, such as a bank, to a customer. It is increased by owner investment and net income and decreased by withdrawals and net losses. This involves a discharge of the debtors obligations through court order. The cfpbs glossary of english spanish financial terms. The issuer is also responsible for the billing and collecting of funds for purchases that were made using that card. Digital financial services basic terminology general terms branchless banking definition the delivery of financial services outside conventional bank branches. 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. A term referring to the refund of previously paid prop erty taxes due to the overvaluation of property. The a to z guide to legal phrases plain english campaign. The purpose of bankruptcy is to provide the debtor with a fresh start and to have an equitable distribution of the debtors assets among the creditors. See commercial loan theory of liquidity and shiftability theory of liquidity.
There are many aspects to payment systems, relating for instance to legal arrangements. Total allowance for credit losses consists of specific and general allowances. Assignment of buyers interest in land contract a document used when a borrower is purchasing real estate over time under an article of agreement or land contract. This small pdf file of 28 pages covered all important terms related to banking with detailed explanations more than 250 terms are there. High yield baking measurements and substitutions high yield baking resources and references. The basis of accounting under which revenues are re corded when earned and expenditures are recorded as soon as they. This glossary contains nontechnical descriptions of all the terms in economics for everyone highlighted in small capitals. The blood bank glossary is a great place to find the definition of any weird term that you heard a blood banker use in a lecture or everyday conversation.
The european central bank ecb is the central bank of the 19 european union countries which have adopted the euro. How to talk the talk buying a home can be exciting. Glossary of banking terms banking terminology federal. You will deal with mortgage options, credit reports, loan applications, contracts, points, appraisals, change orders. Italicized terms within the definitions are themselves defined elsewhere in the glossary, for crossreference. Today i am providing basic financial and banking terms. Each file type has a different file format examples. Consumers nationwide have engaged with the bureau through public field hearings, listening sessions, roundtables, town halls, the. Banking glossary annual percentage rate the rate of interest being charged for a loan over a years time appreciate to grow in value. An arrangement whereby a valuable asset is places as collateral for a debt. The following glossary is designed to help nonfinance experts understand some of the terminology used in public agency financial management.
Glossary financial and banking terms adjusted results. April 14, 2015 dear all welcome to the refurbished site of the reserve bank of india. We have included the definitions of terms that are frequently used in the federal bank portal as well. Glossary of important business, economic, and financial history terms by robert e. The open banking glossary is designed to provide a clear and simple explanation of the key terms you will find on the open banking website. Save as banking terminology pdf or basic banking terms pdfby saving in this name you can easily recognize the file later. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency. The glossary also contains definitions of key terminology and concepts and commonly used acronyms. Glossary of accounting terms clifford, ross, raudenbush. The definitions in the oecd glossary are primarily drawn from. It is the vision of the cfpb that other stakeholders seeking to financially educate or serve limited english proficient consumers may use the glossary of terms as a resource. One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise. The document assigns the lender all of the borrowers personal property, real property, and contractual rights under the land contract.
The common name for capital guidelines issued by the bank for international settlements bis located in basel, switzerland. 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. Calculated current assets less stock divided by current liabilities less bank overdraft. This is a loose term implying any fatal gas in a mine after an explosion or fire. An account where an owners or partners interest in the business is recorded. The obwg has set out an open banking standard to guide how open banking data should be created, shared and used by its owners and those who access it. You will deal with mortgage options, credit reports, loan applications, contracts, points, appraisals, change orders, inspections, warranties, walkthroughs, settlement.
Most of the banking terminology in india are similar to other. Banking beyond branches uses agents or other thirdparty intermediaries as the primary point of contact with customers and relies on technologies such as cardreading point. Glossary of mining terminology after damp gasses resulting from underground combustion, normally carbon monoxide. The basel ii capital guidelines replace previous, much simpler, bis guidelines. Save as banking terminology pdf by saving in this name you can easily recognize the file later. Founded in 1935, naco provides essential services to the nations 3,068 counties. Banking terminology can be confusing, especially to people who are new to the commercial banking world. It also can be somewhat daunting, even if youve done it before.
This is the fee that banks charge their customers for arranging an overdraft facility. Public agency financial management frequently involves terms that are unfamiliar to nonexperts, the definitions of which also involve other unfamiliar. Banking activities occur in banks, credit unions and savings and loans accepting deposits and processing withdrawals preparing money orders and cashiers checks opening new accounts for customers processing loan applications what are other banking activities. The a to z guide to legal phrases this is only a basic guide. Glossary of banking terms and definitions wealth how. Banking terminology saving as basic banking terminology pdf. You may wish to provide each student with this glossary as a reference. This wealthhow article presents to you a glossary of banking terms and definitions that might help resolve your doubts. The cardholder then repays the issuing bank based on terms of an existing agreement.
Verification that your bank statement and your checkbook balance. Our community of professionals is committed to lifetime learning, career progression and sharing expertise for the benefit of individuals and organizations around the globe. In the payments value chain, the card issuer pays the acquiring bank for purchases of goods and services made by the cardholder. May 30, 2017 uk open banking working group obwg established in september 2015 to explore how data can be used to help people transact, save, borrow, lend and invest their money.
I created blood bank guy in 1998 as a way to teach the essentials of transfusion medicine to those who are learners in the field. Englishspanish and spanishenglish spanish, english abstract. Save as banking terminology pdf or basic banking terms pdf by saving in this name you can easily recognize the file later. Jun 09, 20 f riends, knowing banking terminology with definitions play a vital role in your success in almost all bank exams and interviews. An indexlinked cd is a deposit obligation of the issuing bank and is often sold through bank branches and affiliated and unaffiliated brokers. Heres a quick guide to help you navigate banking terms. The guidelines are developed by an international committee of banking regulators and implemented by rules issued by the national regulators. Whenever feasible, the glossary seeks to accommodate these variations and to specify the region in which a particular term is used. For new users and people who are not familiar with the banking, terminologies have a look at this page here. The bureau is publically sharing it in an effort to further the accessibility of financial information to limited english proficient persons. The bank allows the customer to borrow money under the terms and conditions in the agreement. A glossary of terms used in payments and settlement systems. The terms of the written power of attorney may specify when it will expire.
Stock on hand goods which the firm has purchased or manufactured and expects to sell to customers during the next year. This glossary is for anyone who wants and needs to learn the terms related to the field of money and banking. While many of us are aware of basic banking terms, there is a plethora of confusing technical terminology associated with banking and finance. A glossary of computer and internet terms with definitions that are easy to understand. This az pocket guide to understanding financial terms is just one of the achievements of ebss partnership with nala. The assistance agreement includes the terms of the purchase of assets and assumption of liabilities. All potential purchasers must sign a confidentiality agreement. Working on this glossary, we went through many authoritative glossaries to pick up the useful contemporary words for the readers of this.
A slang term used to refer to something favorable that has happened in business. The risk that a bank might experience a funding crisis resulting when one or more events or problems applicable just to the bank cause funds providers to lose confidence in the bank. Indexlinked cds provide the investor the ability to participate in the appreciation, if any, of a particular index, during the term of the cd. There are concepts represented in the glossary that are unique to the american higher education and financial aid systems.
Learn about common it terms, technical jargon and information technology definitions in our comprehensive glossary. 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. Banking terms pdf download gr8ambitionz prepare for. National banks conduct some of their banking activities through companies called operating subsidiaries. It combines various glossaries appended to earlier reports by the cpss and the european central bank ecb. The bureau of consumer financial protection is a u.
A nongaap financial measure used to assess each of the bank s businesses and to measure the bank s overall performance. Most of the indian banking terms and definitions are similar to other countries. Banking glossary page explains all the banking related terminology in very easy and understandable language. Browse and search thousands of banking abbreviations and acronyms in our comprehensive reference resource. The bank may refer to this as a durable power of attorney. 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. Bank an organisation that invests and lends money bank identifier code a bank s unique code, which is used when transferring money between banks, especially in different countries, and when exchanging messages. Glossary of glossary of public finance terms 1 public finance terms about naco the voice of americas counties the national association of counties naco is the only national organization that represents county governments in the united states. Commercial banking have you ever had a conversation with your banker and felt as though he or she were speaking a different language.
So, weve brought together a glossary for the most common terms to help you get up to speed. If you are looking for help, you are in the right place. Article accounting terminology paul martin chartered. Any changes in our terms and conditions will apply only to transactions effected after the date the changed terms. Read on for definitions of common commercial banking terms, so the next time you talk to your banker, youll be speaking the same language. Very useful for engineers preparing for bank exams. Poverty defined with respect to an absolute material standard of living. When youre dealing with your finances, unfamiliar words and acronyms can make complicated processes even more confusing. 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. This ratio is another measure of a firms liquidity. Introduction listening and responding to consumers is central to the bureau s work to educate and empower consumers to make better informed financial decisions. For example, an employee receiving a raise may reply with the words cool beans, upon receiving the news. The terms and explanations are for the law in england and wales.
432 465 177 1036 580 212 112 1303 596 1408 702 178 1555 144 1188 278 3 585 545 239 206 1289 805 20 284 1224 1230 1232 281 588 1032