Glossary of banking pdf

A check payable by, at, or through a bank in the same check processing region as the location of the branch of the depository bank. A number of the terms have other noninvestment related meanings, which we have not captured. Basic banking terms and definitions pdf free download. However, since banking is a significant part of our business and personal life, it is useful for consumers to learn some common banking terms. This balance does not include any pending charge card payments.

Amortization period the actual number of years it will take to repay a mortgage loan in full. Basic financial and banking terms download pdf published on tuesday, april 18, 2017. The cfpbs glossary of english spanish financial terms. One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise. A selfservice machine that permits the customer to perform a range of banking related transactions, including deposits, withdrawals, check cashing, and bill payments. Represents money a government or company has borrowed from the bondholder. Complete list of banking terms with definitions for bank exams powered by. Financial terminology can be complex, so weve provided definitions of many common financial terms to help with your personal financial planning.

It combines various glossaries appended to earlier reports by the cpss and the european central bank ecb. For example, mortgages often have fiveyear terms but 25year amortization periods. The collateral may be disposed off in the event of a default. 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. 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. Glossary financial and banking terms adjusted results. Pdf complete list of banking terms with definitions for bank. Banking terminology can be confusing, especially to people who are new to the commercial banking world. An analyzed account is a checking account for which fees are billed through account analysis.

In international banking, balances held for a foreign respondent bank may be used to settle foreign exchange transactions. This is the most comprehensive and uptodate dictionary of finance available. Banking glossary page explains all the banking related terminology in very easy and understandable language. Any and all persons designated and authorized to transact business on behalf of an account. Account ownership there are a number of different types of account ownership. Invaluable for students and professionals in the fields of finance and banking, it is also ideal for private investors and readers of the financial pages.

Glossary of banking terms and definitions wealth how. If you have questions or need more information, please call us at 4107500020. While many of us are aware of basic banking terms, there is a plethora of confusing technical terminology associated with banking and finance. Cds are insured by the fdic up to applicable limits. Glossary of banking terms banking terminology federal. 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. Terms for the updated glossary have been compiled from other entities, including the federal housing finance agency, department of. 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. Page 2 of 4 bill pay a service from tcf that lets you pay your bills online. Dictionary of banking terms and phrases helpwithmybank. Refers to commission, fees or wages charged for services. The bureau created a glossary translating common financial terms into spanish in october 2015 and has updated it in 2018 with additional terms.

World bank glossary world bank documents world bank group. Banking terms and concepts are many and can sometimes be difficult to figure out, even for the industry professionals. Cds generally pay a fixed rate of interest and offer a higher interest rate than other types of deposit accounts. A time deposit that is payable at the end of a specified amount of time or term. It combines various glossaries appended to earlier. This is a plastic card that can be inserted into machines to give you cash. Glossary of important business, economic, and financial history terms by robert e. Banking surely is a beat with a language all its own. Account level charge charges against any account transactions i. There are many aspects to payment systems, relating for instance to legal arrangements. Balance in the account can be opening account balance or closing account balance. Sale contract followed by repurchase by the seller at a different price. Apr 18, 2017 in a series of providing free study material for sbi po exam. Definitions of key terms and phrases used in commercial, retail and investment banking and bank regulation.

While we all know what an account balance is, in the banking parlance, it is the total amount of money in an account. Working on this glossary, we went through many authoritative glossaries to pick up the useful contemporary words for the readers of this. If you withdraw your money early, you pay a penalty. The entries in the new edition cover the vocabulary used in. A glossary of terms used in payments and settlement systems. This is a list of some of the key terms youll need to know and will come across frequently. Usually the grade aaa is given to the best debt obligation or. As of february 27, 2010, the federal reserve consolidated its checking processing centers into one processing center. Backend load a form of sales charge imposed on investors by some. A glossary of terms used in payments and settlement systems bis. Very useful for engineers preparing for bank exams. Total allowance for credit losses consists of specific and general allowances. The guide is an important resource that will help to create a much greater understanding of. 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.

Here we have arranged the banking terminology alphabetically for easy reference. This accessible guide is a perfect source of reference for all those with an interest in finance. Resale of goods with a discount on the original stated cost. This glossary is for anyone who wants and needs to learn the terms related to the field of money and banking. 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. Banking glossary annual percentage rate the rate of interest being charged for a loan over a years time appreciate to grow in value.

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. 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. If you use an atm that is not sponsored by your bank, there may be a fee for using it. Glossary financial and banking terms a nongaap fnancial measure used to assess allowance for credit losses.

We have expanded this years edition of the investment dictionary by. Wei, university of toronto 1 144a bond bond issued in the u. It is determined by adding together the rates of return for each year and dividing by the number of years in the calculation. Today i am providing basic financial and banking terms. Assets that are offered to secure a loan or other credit. Below you will find key words and definitions to help you better understand the terms used in the financial services industry. A term referring to the refund of previously paid prop erty taxes due to the overvaluation of property. Englishspanish, spanishenglish glosario del banco mundial. Consumers nationwide have engaged with the bureau through public field hearings, listening sessions, roundtables, town halls, the. A glossary of terms used in payments and settlement systems march 2003. Banking definition is the business of a bank or a banker.

Glossary of banking terms az 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. A printed or online statement of all the funds paid out by or paid into your account during a statement cycle. 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. The depository bank is the bank into which the check was deposited. It is the highest rated bond that gives maximum returns at the time of maturity.

So, weve brought together a glossary for the most common terms to help you get up to speed. Having launched it originally in 2004 we have now updated it with modern terminology to meet with the increasing demand for the book. Pdf complete list of banking terms with definitions for. A healthy bank or thrift institution that purchases some or all of the assets and assumes some or all of the liabilities of a failed institution in a purchase and assumption transaction. The basic approach of capital adequacy framework is that a bank should have sufficient capital to provide a stable resource to absorb any losses arising from the risks in its business.

More advanced account reconciliation services combine electronic data provided by the. Investorwords the most comprehensive investing glossary on the web. The acquiring institution is also referred to as the assuming institution. One or more of a series of bank services designed to aid a deposit customer in the reconciliation of its bank account balance. Formed by a manufacturer to provide loans so the manufacturer can easily sell its goods. Over 18000 financial and investing definitions, with links between related terms. Only accounts that are enabled for transfers are listed. This wealthhow article presents to you a glossary of banking terms and definitions that might help resolve your doubts. Cpss glossary march 2003 1 foreword the committee on payment and settlement systems cpss is publishing this comprehensive glossary of payment system terminology as a reference document for the standard terms used in connection with payment and settlement systems. Commercial banking have you ever had a conversation with your banker and felt as though he or she were speaking a different language. A basic account reconciliation service may simply be a listing of paid checks in serial number order.

Emecb emcpss accountability recordkeeping of electronic money transactions. Check a method of payment in which money is drawn from an account. Although it is the role of specialists to use clear language rather than technical terms, sometimes these are just unavoidable. The money is immediately electronically subtracted from your account. An arrangement whereby a valuable asset is places as collateral for a debt. Total allowance for credit losses consists of counterpartyspecifc, collectively assessed allowance for individually insignifcant impaired loans, and collectively assessed allowance for incurred but not identifed credit losses. April 14, 2015 dear all welcome to the refurbished site of the reserve bank of india. Also, the bank calculates the balance after taking all debits and credits into consideration.

The contract governing your openend credit account, it provides information on changes that may occur to the account. Balance sheet a financial snapshot of assets and liabilities to show net worth at a. This az pocket guide to understanding financial terms is just one of the achievements of ebss partnership with nala. The dictionary is intended to supplement rather than replace expert investment advice. The most comprehensive investing glossary on the web. 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. This section includes definitions of terms that are frequently used over the portal. 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. This digital banking application accessed through the. Dictionary of finance and banking oxford reference. The basis of accounting under which revenues are recorded when earned and expenditures are recorded as soon as they result in liabilities for benefits received.

Glossary average annual return the rate of return on investments averaged over a specific period of time example. Islamic banking terms glossary hong leong islamic bank. Opening account balance beginning of the day bod balance is the balance in an account at the beginning of each business day. 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. Save as banking terminology pdf or basic banking terms pdfby saving in this name you can easily recognize the file later. Introduction listening and responding to consumers is central to the bureau s work to educate and empower consumers to make better informed financial decisions. Capital is divided into different tiers according to the characteristics qualities of each. Provides loans for businesses, such as retail stores. This glossary of common financial terms was created and is used by the bureau for translating consumer education materials from english to spanish.