While many of us are aware of basic banking terms, there is a plethora of confusing technical terminology associated with banking and finance. We have expanded this years edition of the investment dictionary by. A nongaap financial measure used to assess each of the banks businesses and to measure the banks overall performance. Banking terminology debtor to pay the drawer the creditor a stated sum at a specified date, or at sight which means on demand.
A b c d e f g h i j k l m n o p q r s t u v w x y z all glossary entries abbreviations banking supervision ecb macroprudential policy. Founded in 1923, bear stearns main business areas, based on 2006 net revenue distributions, were capital markets equities, fixed income, investment banking. Account level charge charges against any account transactions i. Refer to drawer cheques, direct debits that were returned due to insufficient funds, the sums of money moving in and out of the account and the number of days the account remains in credit or. These have been put in an organized and crossreferenced manner for the convenience of the visitors. Important banking terms sbi, ibps po clerk so rrb exam.
Banking terms and concepts are many and can sometimes be difficult to figure out, even for the industry professionals. The bank of canada glossary contains definitions of terms from various fields, including economics, finance and currency. 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. List of important banking terms download in pdf banking terms and concepts are many and can sometimes be difficult to figure out, even for the industry professionals. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency. A number of the terms have other noninvestment related meanings, which we have not captured. Income statement financial statement of a business that reports the revenue, expenses and the net income loss of. Complete guide to banking terminology management paradise. Liability arising from extremely dangerous operations. The dictionary is intended to supplement rather than replace expert investment advice. Banking terminology abbreviations money instructor. For new users and people who are not familiar with the banking, terminologies have a look at this page here. Our glossary of business banking terms aims to demystify the.
Glossary financial and banking terms a nongaap financial measure used to assess each of the banks businesses and to measure the banks overall performance. The issue confronting you is that banking terminology is somewhat specialized. For example, mortgages often have fiveyear terms but 25year amortization periods. Banking book positions attract credit risk regulatory capital requirements or deductions where required. Apr annual percentage rate the interest charged on a credit card expressed as an annualized amount. Every industry seems to have its own language, sometimes called industry jargon. Banking terminology can be confusing, especially to people who are new to the commercial banking world. Account ownership there are a number of different types of account ownership. Student loans are loans that are used by borrowers to. Glossary of risk management terms this is a comprehensive. We offers the glossary of banking terms containing more than 100 banking terms. Total allowance for credit losses consists of counterpartyspecific, collectively assessed allowance for.
Brought to you by your local bank and the aba education foundation. Commercial banking have you ever had a conversation with your banker and felt as though he or she were speaking a different language. Basic banking terms and definitions saving as basic banking terms and definitions pdf. The contract governing your openend credit account, it provides information on changes that may occur to the account. Definitions of key terms and phrases used in commercial, retail and investment banking and bank regulation. Banking ombudsman is a quasijudicial authority, which functions under indias banking ombudsman scheme 2006. 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 the microfinance terms english the world bank. Glossary of risk management terms this is a comprehensive list of insurance terms. Save as banking terminology pdf or basic banking terms pdf by saving in this name you can easily recognize the file later. Carries out terminological research in order to clarify the meaning of terms and expressions, facilitate subsequent research, and provide crosscultural equivalence between source and target texts within a specific context 10 by consulting specialized dictionaries, reference works, bilingual documents and, if necessary, previous translations, by querying the terminology bank, by. Not all concepts or coverages identified in this list are found at chapman university. This az pocket guide to understanding financial terms is just one of the achievements of ebss partnership with nala.
This glossary of common financial terms was created and is used by the bureau for translating consumer education materials from english to spanish. However, since banking is a significant part of our business and personal life, it is useful for consumers to learn some common banking terms. Abs expresses principal prepayments as a percentage of the original number of loans or contracts in the pool of securitized loans that created. Save as banking terminology pdf by saving in this name you can easily recognize the file later. The banking glossary provided by cornerstone bank helps you understand common banking terms with definitions and explanations to help you. The glossary of banking terms would help you learn various terms associated with banking industry. It is the highest rated bond that gives maximum returns at the time of maturity. The financial system lexicon, although not exhaustive, has been created as an aid to consistent usage. The bank may refer to this as a durable power of attorney.
A credit union is a financial cooperative formed for the promotion of thrift among its members by the accumulation of their savings. Englishfrench and frenchenglish french, english abstract. Assets that are offered to secure a loan or other credit. Small business owners can sometimes struggle to understand the different terms used by banks. Glossary of banking terms and definitions wealth how. Financial terminology can be complex, so weve provided definitions of many common financial terms to help with your personal. The terms of the written power of attorney may specify when it will expire. Banking terminology saving as basic banking terminology pdf. If you have questions or need more information, please call us at. A loanis money you borrow from a bank or another institution or person. Save as banking terminology pdf or basic banking terms pdfby saving in this name you can easily recognize the file later. Browse the list of 19 553 banking abbreviations with their meanings and definitions. Because money and bank transactions can certainly be an urgent matter, you dont want to be stuck in a situation. Officially known as a check number, it provides a crossreference to the plate serial number on the front.
For example, an employee receiving a raise may reply with the words cool beans, upon receiving the news. This wealthhow article presents to you a glossary of banking terms and definitions that might help resolve your doubts. Some institutions require that you use the bank s power of attorney forms. An accepting house is a banking or finance organization. Glossary financial and banking terms adjusted results. The terms and definitions that follow are meant to give simple, informal meaning for words and phrases you may see on our web site that may not be familiar to you. Below you will find key words and definitions to help you better understand the terms used in the financial services industry. The a to z guide to legal phrases plain english campaign. A slang term used to refer to something favorable that has happened in business.
Typically, an annual fee is included on cards that provide a higher value of rewards. This is a financial glossary defining terms relating to the banking profession. Kindly if possible with anyone send it to the following mail id no email id allowed thanking you. Accused the person charged with a criminal offence.
Glossary of banking terms banking terminology federal. Acknowledgement of service when a defendant agrees that a writ or originating summons claim form since april 1999 has been received. Complete guide to banking terminology june 8th, 2006 hi this is surbhi i urgently require an analysis of the indian banking industry as a whole including public sector banks and private sector banks a detailed analysis of the banking industry. The world of regulation and compliance is full of acronyms for almost everything. It is a very wide term that is used in context with financial agreements and contracts. One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise. Terms back preferred term for the reverse side of a note. Basic banking terms and definitions pdf free download.
A glossary of terms used in payments and settlement systems bis. Banking glossary page explains all the banking related terminology in very easy and understandable language. Accumulation reinvesting income generated by a fund back into the fund. Lisa dealt with localization standards but i mention it. Glossary of the microfinance terms english abstract.
This glossary is for anyone who wants and needs to learn the terms related to the field of money and banking. For the layman it can be hard to get to grips with it all, so we created an index of terms to make the language of open banking accessible to anyone. They needed aloanto buy the car of their dreams, but they couldnt find a lender. Apr annual percentage rate the interest charged on a. Total allowance for credit losses consists of specific and general allowances. The banklends gives you the money, and youborrow receive it. Acknowledgement admitting that someone has a claim or admitting that a debt exists. The european central bank ecb is the central bank of the 19 european union countries which have adopted the euro. Working on this glossary, we went through many authoritative glossaries to pick up the useful contemporary words for the readers of this. 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. Today we are providing banking awareness handwritten notes in pdf format.
Financial terminology can be complex, so weve provided definitions of many common financial terms to help with your personal financial planning. Learn vocabulary, terms, and more with flashcards, games, and other study tools. We have included the definitions of terms that are frequently used in the federal bank portal as well. The specific meaning of a term or phrase will depend on where and how it is used, because the relevant documents, including signed agreements. Any and all persons designated and authorized to transact business on behalf of an account. Dictionary of banking terms and phrases helpwithmybank. List of all most popular abbreviated banking terms defined. It usually stems from members of the industry continually using the same terms over and over again and to save time they substitute abbreviations and acronyms. A laymans guide to financial terms utsc university of toronto. 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. The ultimate open banking glossary the open banking hub.
The guide is an important resource that will help to create a much greater understanding of. Aug 17, 2019 important banking terms banking ombudsman. If you have questions or need more information, please call us at 4107500020. 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. Backend load a form of sales charge imposed on investors by some.
The way a bank account has been operated by the client when assessing for credit purposes, a lender will look for indications of responsible or irresponsible handling of financial affairs by the client. Amortization period the actual number of years it will take to repay a mortgage loan in full. It was created by government of india with a purpose to deal with the complaints of customers of the banks related to various services rendered by the banks. April 14, 2015 dear all welcome to the refurbished site of the reserve bank of india. Most of the banking terminology in india are similar to other. Banking glossary annual percentage rate the rate of interest being charged for a loan over a years time appreciate to grow in value. 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. Many or all of the products featured here are from. Banking terminology abbreviations every industry seems to have its own language, sometimes called industry jargon. Antimoney laundering aml is a term mainly used in the legal and financial industries to describe a set of procedures, regulations, or legal controls designed to detect, prevent, and report the practice of generating a source of income through illegal actions money laundering. 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.
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