Refers to commission, fees or wages charged for services. Complete list of banking terms with definitions for bank exams powered by. Banking glossary annual percentage rate the rate of interest being charged for a loan over a years time appreciate to grow in value. Bare trustee a bare trustee holds property on trust for another person until asked to return the property. However, since banking is a significant part of our business and personal life, it is useful for consumers to learn some common banking terms. Annual fee the administration fee charged each year on a credit card account. An arrangement whereby a valuable asset is places as collateral for a debt. A time deposit also known as a term deposit is a money deposit at a bank that cannot be withdrawn for a certain term or period of time.
This video on mg are educational video focused on sbi po clerk, ibps po clerk and ssc cgl and other government jobs. For example, mortgages often have fiveyear terms but 25year amortization periods. For example, mortgages often have fiveyear terms but 25year. Amortization amortization is a decrease in the value of assets with time, which is normally the useful life of tangible assets. Total allowance for credit losses consists of specific and general allowances. Term skip to next word the number of years it will take to pay off a loan. The loan term is used to determine the payment amount, repayment schedule and total interest paid over the life of the loan. This section includes definitions of terms that are frequently used over the portal. As used by thrift institutions and the ots, the term has been replaced by net portfolio value or npv. Having launched it originally in 2004 we have now updated it with modern terminology to meet with the increasing demand for the book.
Glossary of banking terms and definitions wealth how. Mar 09, 2017 a simple way to vanish all your myths regarding banking glossary. Dictionary of banking terms and phrases helpwithmybank. Basic banking terms and definitions saving as basic banking terms and definitions pdf. Financial terminology can be complex, so weve provided definitions of many common financial terms to help with your personal financial planning. Apr is the annual cost of a loan, including applicable interest and fees. When the term is over it can be withdrawn, or it can be held for another term. Barter this is a way of paying for things, without using money, by exchanging goods. Today i am providing basic financial and banking terms. Readers who are looking for more comprehensive explanations may want to consult textbooks in economics, banking, and finance. Cds generally pay a fixed rate of interest and offer a higher interest rate than other types of deposit accounts. Minimum daily balance the lowest endofday balance in an account during a statement cycle. Internet explorer and firefox have options for defining both memory and disk cache. Islamic banking terms glossary hong leong islamic bank.
While many of us are aware of basic banking terms, there is a plethora of confusing technical terminology associated with banking and finance. Alijarah thumma albai aitab lease contract followed by ownership of asset through a sale contract. Consumers nationwide have engaged with the bureau through public field hearings, listening sessions, roundtables, town halls, the. Here with this post we are providing you the pdf file of bank terms. In a series of sharing useful study material for upcoming banking exams. Dec 22, 2015 banking terminology can be confusing, especially to people who are new to the commercial banking world. Save as banking terminology pdf or basic banking terms pdfby saving in this name you can easily recognize the file later. 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. The issue confronting you is that banking terminology is somewhat specialized. Glossary of banking terms suntrust facts about banking. If you withdraw your money early, you pay a penalty. Resale of goods with a discount on the original stated cost. Glossary financial and banking terms adjusted results. Banking terms and concepts are many and can sometimes be difficult to figure out, even for the industry professionals.
Account level charge charges against any account transactions i. This is the fee that banks charge their customers for arranging an overdraft facility. As used by bankers and banking regulators, the term is slowly being replaced by economic value of equity or eve. Investorwords the most comprehensive investing glossary on the web. In payment systems, we see the practical application of many concepts that are key to central bank operations and policymaking, such as intraday liquidity, risk. Total allowance for credit losses consists of counterpartyspecific, collectively assessed allowance for. Usually the grade aaa is given to the best debt obligation or.
This digital banking application accessed through the. All banking products and services are solely offered and provided by axos bank tm. Apr annual percentage rate also commonly referred to as annualized rate is the annual rate that is charged for borrowing expressed as a single percentage number that represents the actual yearly cost of funds over the term of a loan. 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. The private key is kept secret by its holder while the public key is made available to communicating entities.
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. Definitions of key terms and phrases used in commercial, retail and investment banking and bank regulation. For example, the length of time for which a deposit is made, or the time in which a loan must be repaid. Today we are providing banking awareness handwritten notes in pdf format. Banking terminology can be confusing, especially to people who are new to the commercial banking world. When youre dealing with your finances, unfamiliar words and acronyms can make complicated processes even more confusing. Save as banking terminology pdf or basic banking terms pdfby saving in. Terminology unit of the banks translation, interpretation and conference services division, in. Mortgage dictionary adjustablerate mortgage an adjustablerate mortgage arm is a product with a floating or variable rate that adjusts based on some index. The most comprehensive investing glossary on the web. 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. A fixedrate mortgage offers you a set interest rate and payments that do not change throughout the life, or term, of the loan. Pdf complete list of banking terms with definitions for bank. While we all know what an account balance is, in the banking parlance, it is the total amount of money in an account.
Check a method of payment in which money is drawn from an account. Sale contract followed by repurchase by the seller at. Banking book positions attract credit risk regulatory capital requirements or deductions where required. This glossary of common financial terms was created and is used by the bureau for translating consumer education materials from english to spanish. For example, a requirement for the borrower to provide annual audited financial statements to the bank during the term of the loan. Banking terms pdf download gr8ambitionz prepare for. This balance does not include any pending charge card payments. It is the highest rated bond that gives maximum returns at the time of maturity. A time deposit that is payable at the end of a specified amount of time or term. So, weve brought together a glossary for the most common terms to help you get up to speed.
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. Thirdparty fees skip to next word fees charged for services rendered by parties other than the borrower or the lender. Teller the person in a bank branch that is there to help you with your banking. Banking terms glossary of key banking terms centreville.
Cds are insured by the fdic up to applicable limits. Here we have arranged the banking terminology alphabetically for easy reference. A glossary of terms used in payments and settlement systems. Generally, there are significant penalties for early withdrawal. If you have questions or need more information, please call us at 4107500020. This is a proxy or estimate used for capital when the sensitivity of capital to changes in prevailing interest rates is calculated. An adjustable rate loan, also known as variable rate, is a loan in which the interest rate could change at any time during the length of the loan annual percentage rate apr. All major banks in india have brought in core banking in their operations to make banking truly anywhere banking. 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 guide is an important resource that will help to create a much greater understanding of. 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 insured by the fdic under the same fdic certificate 35546. A simple way to vanish all your myths regarding banking glossary. Below you will find key words and definitions to help you better understand the terms used in the financial services industry. It terms glossary information technology definitions.
Also, the bank calculates the balance after taking all debits and credits into consideration. Glossary of terms asset size group a term used to describe the insured institutions covered in the liquidity analysis in this report. Founded in 1923, bear stearns main business areas, based on 2006 net revenue distributions, were capital markets equities, fixed income, investment banking. The cfpbs glossary of english spanish financial 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.
Sometimes the acquisition will involve the purchase of the entire share capital of a company. A glossary of terms used in payments and settlement systems bis. The purpose of the number is to function as a reference and comparison of similar rates. A nongaap financial measure used to assess each of the banks businesses and to measure the banks overall performance. This small pdf file of 28 pages covered all important terms related to banking with detailed explanations more than 250. The date that a cd term ends, the bank stops paying the agreedupon interest and you can choose to take the money deposited or renew the term. A conventional fixedrate loan is fully paid off over a given number of yearsusually 15, 20, or 30. Page 2 of 4 bill pay a service from tcf that lets you pay your bills online. This term is closely associated with a formula of the same.
A term used to refer to one of the components of regulatory capital. Assets that are offered to secure a loan or other credit. This az pocket guide to understanding financial terms is just one of the achievements of ebss partnership with nala. Tier i items are deemed to be of the highest quality because they are fully available to cover losses hence it is also termed as core capital. Amortization period the actual number of years it will take to repay a mortgage loan in full. The collateral may be disposed off in the event of a default. Pdf complete list of banking terms with definitions for. Glossary of banking terms banking terminology federal. Englishspanish, spanishenglish glosario del banco mundial. 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. Basic banking terms and definitions pdf free download.
Only accounts that are enabled for transfers are listed. It may be a debit card, where money is paid in before a transaction can take place, or it may be a credit card, in which a loan is given. Over 18000 financial and investing definitions, with links between related terms. It consists mainly of share capital and disclosed reserves minus goodwill, if any. Because money and bank transactions can certainly be an urgent matter, you dont want to be stuck in a situation. Term deposit a banking product that offers a slightly higher annual percentage rate than savings accounts payable on the amount.
The longer the term, the better the yield on the money. Apr 18, 2017 in a series of providing free study material for sbi po exam. F riends, knowing banking terminology with definitions play a vital role in your success in almost all bank exams and interviews. Introduction listening and responding to consumers is central to the bureau s work to educate and empower consumers to make better informed financial decisions. The ability to send and collect money electronically using the automated clearing house network adjustable rate loan. World bank glossary world bank documents world bank group. Affordable growth rate the maximum rate at which a firms sales can grow without straining the capacity of the firms capital or other financial resources. Account ownership there are a number of different types of account ownership. This wealthhow article presents to you a glossary of banking terms and definitions that might help resolve your doubts. 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.
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