Banking terms list of important banking terminology pdf. The guide is an important resource that will help to create a much greater understanding of. It terms glossary information technology definitions. A record that holds the results of financial transactions. Shortterm debt that has a fixed maturity of up to 270 days and is backed by some. This glossary contains nontechnical descriptions of all the terms in economics for everyone highlighted in small capitals. The supplements at the back of the book offer additional information.
Atms are located in banks, stores, malls, drivein centers, colleges, hospitals, airports, service stations, and many other locations for 24hour convenience. But there are still legal phrases that baffle nonlawyers. Haircut 1 a lenders informal expression for a collateral margin. The most comprehensive investing glossary on the web. There are concepts represented in the glossary that are unique to the american higher education and financial aid systems. Save as banking terminology pdf or basic banking terms pdfby saving in this name you can easily recognize the file later. This edition of the world bank glossary has been revised and expanded by the. The following glossary is designed to help nonfinance experts understand some of the terminology used in public agency financial management. Most of the banking terminology in india are similar to other. Any and all persons designated and authorized to transact business on behalf of an account. The glossary, pronunciation guide, and list of abbreviations will be a useful reference document.
Local regulations that set forth the standards and requirements for the construction, maintenance and occupancy of buildings. Balanced fund mutual funds that seek both growth and income in a portfolio with a mix of common stock, preferred stock or bonds. Department of transportation in the interest of information exchange. Glossary of terms related to payment, clearing and settlement systems december 2009 the drawer. The use of the comma as a field separator is the source of the name for this file format. A number of the terms have other noninvestment related meanings, which we have not captured. A glossary of terms used in payments and settlement systems bis. Save as banking terminology pdf by saving in this name you can easily recognize the file later. Basic banking terms and definitions pdf free download. 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. It is a bond that is sold at good discount as it has no coupon. Usually the grade aaa is given to the best debt obligation or. Each account holders signature needs to be on file with the bank. 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.
Glossary of banking terms banking terminology federal. Barter this is a way of paying for things, without using money, by exchanging goods. Most of the indian banking terms and definitions are similar to other countries. Glossary of business terms adjective adj headwords for adjectives followed by information in square brackets only before a noun and not before a noun show any restrictions on where they can be used. You may wish to provide each student with this glossary as a reference. The signature authorizes that person to conduct business on behalf of the account. Having launched it originally in 2004 we have now updated it with modern terminology to meet with the increasing demand for the book. Banking terminology saving as basic banking terminology pdf.
National banks conduct some of their banking activities through companies called operating subsidiaries. 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. A device that allows wirelessequipped computers and other devices to communicate with a wired network. April 14, 2015 dear all welcome to the refurbished site of the reserve bank of india. If you use an atm that is not sponsored by your bank, there may be a fee for using it. A combination loan pairs a conforming first mortgage with a home equity second mortgage for up to 80% of the propertys value in a single application with 1 down payment. A person or institution that no longer has the funds to cover debts and has to seek financial assistance. A service that oversees, measures, and evaluates financial information for decision making purposes. Finance encyclopedic dictionary of international finance and. All banking products and services are solely offered and provided by axos bank tm.
Glossary of banking terms and definitions wealth how. We have expanded this years edition of the investment dictionary by. The dictionary is intended to supplement rather than replace expert investment advice. This is the fee that banks charge their customers for arranging an overdraft facility. An account information service provides account information services as an online service to provide consolidated information on one or more payment accounts held by a payment service user with one or more payment service provider s. A provision in a banks documents, the purpose of which is to extend the banks interest in the debtors property to property not owned by the debtor at the time of the transaction but subsequently acquired by the debtor. Nationwides relationship with axos bank gives nationwide members access to axos banks banking products and services. 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 contract governing your openend credit account, it provides information on changes that may occur to the account. Working on this glossary, we went through many authoritative glossaries to pick up the useful contemporary words for the readers of this. Banking book positions attract credit risk regulatory capital requirements or deductions where required. Originally published by peter collin publishing in 1991 second edition published 1999 third. This wealthhow article presents to you a glossary of banking terms and definitions that might help resolve your doubts.
Clickhere to download the list of important banking terminologies in pdf. House file the organizations own file of active and former customers. World bank glossary world bank documents world bank group. 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. The lender can also engage in debt collection, file negative information on your credit report, and may sue you. Most of the banking terminology in india are similar to other countries. 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. Bare trustee a bare trustee holds property on trust for another person until asked to return the property. Knowledge and skill testing is based on many of these terms. Monthly record of all activity within an account, provided by the bank. The ultimate open banking glossary the open banking hub.
Investorwords the most comprehensive investing glossary on the web. 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. Financial terms glossary explore financial education resources and research. This glossary is for anyone who wants and needs to learn the terms related to the field of money and banking. Whenever feasible, the glossary seeks to accommodate these variations and to specify the region in which a particular term is used. If you have questions or need more information, please call us at 4107500020. For example, if the banks estimate of the remaining useful life of certain bank. Noun n the codes c and u show whether a noun, or a particular sense of a noun, is countable an agenda, two agendas or uncountable. A corporation is a form of business established as an independent legal entity, separate from the individuals who own it. Poverty defined with respect to an absolute material standard of living.
A glossary of computer terminology application sometimes shortened to app computer software, also known as a program or app that performs a task or set of tasks, such as word processing or drawing. All banking products and services are solely offered and provided by axos bank tm axos bank is a federally chartered savings bank, and all deposit accounts opened with axos bank, including those of the same ownership and or vesting held at axos bank, are combined and. 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. Some of the bolded words in the text are mere cognates to the words that appear in this glossary, so if you are unable to find the precise word that was bolded in the text, try looking for cognate words. Public agency financial management frequently involves terms that are unfamiliar to nonexperts, the definitions of which also involve other unfamiliar.
Dictionary of banking terms and phrases helpwithmybank. At the same time, other professions adoptedsometimes appropriatedarchival terms. Englishfrench and frenchenglish french, english abstract. Terminology unit of the banks translation, interpretation and conference. Credit file credit bureau report a record of information about payment history with credit grantors such as stores, banks and credit card companies, and includes information from public record bankruptcies, judgments, which reflect a customers ability to repay debts. A major benefit, for the owners, of this form of business is that it provides for limited liability for its owners. 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. 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. Glossary financial and banking terms adjusted results. 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. It is the highest rated bond that gives maximum returns at the time of maturity. Each record consists of one or more fields, separated by commas. The physical location of a bank where customers can go to engage in a variety of banking services.
Glossary of philosophical terms z absolutism the view that there are some types of action that are strictly prohibited by morality, no matter what the specific facts are in a particular case. Applications, apps or programs can be thought of as electronic tools for doing electronic jobs. So, weve brought together a glossary for the most common terms to help you get up to speed. We have included the definitions of terms that are frequently used in the federal bank portal as well. The electronic version of the publication, which is available on the bis website. The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business. Some have held, for example, that the intentional torturing or killing of an innocent person is morally impermissible no matter what bad con. Dec 22, 2015 banking terminology can be confusing, especially to people who are new to the commercial banking world.
Bear market a bear market is a prolonged period of falling stock prices, usually marked by a decline of 20% or more. The ceo of a company could be referred to as the honcho or head honcho. Financial terminology can be complex, so weve provided definitions of many common financial terms to help with your personal financial planning. The european central bank ecb is the central bank of the 19 european union countries which have adopted the euro. The companies selected typically are in different industries and different geographic regions. Definitions of key terms and phrases used in commercial, retail and investment banking and bank regulation. Assets that are offered to secure a loan or other credit. High yield baking measurements and substitutions high yield baking resources and references. An account is a record of all financial transactions that are related to an asset, individual, transaction or any organization. The cfpbs glossary of english spanish financial terms. Disclaimer this information is disseminated under the sponsorship of the u. Preface to the second edition the vocabulary of banking and finance, like that of so many. For new users and people who are not familiar with the banking, terminologies have a look at this page here.
Backend load a form of sales charge imposed on investors by some. I hope readers will find this glossary a valuable addition to the previous work carried out by the committee and other institutions to advance the understanding of payment and settlement systems. Glossary of direct marketing terms by arthur middleton hughes. Slang term describing the leader, manager, chief or person in charge of an organization or a project. One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise. This az pocket guide to understanding financial terms is just one of the achievements of ebss partnership with nala. A glossary of terms used in payments and settlement systems. Englishspanish and spanishenglish spanish, english abstract. The credit file is used by credit grantors for decisions regarding. 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. Read on for definitions of common commercial banking terms, so the next time you talk to your banker, youll be speaking the same language.
Firefox, safari, internet explorer, chrome, opera bugs 1. 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. Combination loans may help you avoid the higher rates of a jumbo first mortgage. However, since banking is a significant part of our business and personal life, it is useful for consumers to learn some common banking terms. Total allowance for credit losses consists of specific and general allowances. The glossary is designed to provide a clear and simple explanation of the key terms you will find on this website.
Often bailouts are by governments, or by consortia of investors. While many of us are aware of basic banking terms, there is a plethora of confusing technical terminology associated with banking and finance. Italicized terms within the definitions are themselves defined elsewhere in the glossary, for crossreference. Coalition for personal financial literacy, washington, d. Financial terms glossary consumer financial protection.
Over 18000 financial and investing definitions, with links between related terms. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency. In static branches, copy and label operations are used to duplicate a given branch. The equation that is the basis of the balance sheet.478 960 89 510 859 703 1157 1480 1274 1122 542 1153 1237 229 119 7 731 112 1370 506 816 221 24 591 33 1272 424 1083 1104 414 242 1208 5 65 767 504 546 1458 1116 362 731 1033