The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business. The terms of the written power of attorney may specify when it will expire. The bond indenture is a contract between the company that issued the bonds and the bond trustee acting on behalf of the bond holders. When necessary, the glossary also provides contextual and usage notes. Computer memory is measured in terms of the amount of information it can store, commonly in megabytes or gigabytes. A clause in the debt document that empowers the lender to accelerate the payment, i. A document that sets forth the terms of a bond issue, the obligations of a bond issuer, and the rights of the bond holders. The money is immediately electronically subtracted from your account. 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.
Terminology unit of the banks translation, interpretation and conference services. A glossary of terms used in payments and settlement systems bis. If the us federal reserves target rate was 2 percent and it. However, since banking is a significant part of our business and personal life, it is useful for consumers to learn some common banking terms. Glossary of shipping terms download pdf weve put together this shipping glossary chart to help you navigate the international shipping terms. How to talk the talk buying a home can be exciting. 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 financial planning. Banking terminology saving as basic banking terminology pdf. Basic banking terms and definitions saving as basic banking terms and definitions pdf.
Financial education indian institute of banking and finance. Banking terminology can be confusing, especially to people who are new to the commercial banking world. File a collection of information stored electronically and treated as a unit by a computer. Dictionary of banking terms and phrases helpwithmybank. The guide is an important resource that will help to create a much greater understanding of.
Battered by the mortgagemarket downturn, lehman files for bankruptcylaw protection in. World bank glossary world bank documents world bank group. Glossary of website terms and web definitions 2018 list. We have included the definitions of terms that are frequently used in the federal bank portal as well. Computer terms glossary pdf published on tuesday, may 31, 2016. Changes in interest rates are measured in basis points. The bank allows the customer to borrow money under the terms and conditions in the agreement. 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. Account ownership there are a number of different types of account ownership. It provides an electronic image of content being it text or graphics. This refers to an electronic banking terminal that can be physically located at a bank branch, retail business, or other location. One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise.
Banking terms list of important banking terminology pdf. 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. Making demand for payment in full for a debt that has not yet matured. Glossary of terms banking enquiry report to the competition commissioner contains confidential information 586 term definition foreign atm an atm of a bank at. This wealthhow article presents to you a glossary of banking terms and definitions that might help resolve your doubts. It also can be somewhat daunting, even if youve done it before. Some have held, for example, that the intentional torturing or killing of an innocent person is morally impermissible no matter what bad con. April 14, 2015 dear all welcome to the refurbished site of the reserve bank of india. This is a plastic card that can be inserted into machines to give you cash. The bureau of consumer financial protection is a u. This glossary is for anyone who wants and needs to learn the terms related to the field of money and banking. A basic account reconciliation service may simply be a listing of paid checks in serial number order. It terms glossary information technology definitions.
Read on for definitions of common commercial banking terms, so the next time you talk to your banker, youll be speaking the same language. A glossary of terms used in payments and settlement systems. An actuary is an expert on pension scheme assets and liabilities, life expectancy and probabilities for insurance purposes the likelihood of things happening. 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. If you have questions or need more information, please call us at 4107500020. 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.
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. Disclaimer this information is disseminated under the sponsorship of the u. Usually the grade aaa is given to the best debt obligation or. You will deal with mortgage options, credit reports, loan applications, contracts, points, appraisals, change orders. Basis point one onehundreth of one percentage point 1100th of one percentage point. Today i am providing basic financial and banking terms. The words, expressions, institutions and definitions of the banking and finance.
Very useful for engineers preparing for bank exams. Glossary of banking terms suntrust facts about banking. Each account holders signature needs to be on file with the bank. 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. F riends, knowing banking terminology with definitions play a vital role in your success in almost all bank exams and interviews. Know your banking glossary of central banking related terms. Save as banking terminology pdf by saving in this name you can easily recognize the file later. Per file fee for each ach file transmission received from. For new users and people who are not familiar with the banking, terminologies have a look at this page here.
The assistance agreement includes the terms of the purchase of assets and assumption of liabilities. Suntrusts glossary of banking terms can help you quickly find the meaning to some of the most common and confusing banking words out there. When youre dealing with your finances, unfamiliar words and acronyms can make complicated processes even more confusing. National banks conduct some of their banking activities through companies called operating subsidiaries. The equation that is the basis of the balance sheet.
We furnish below the most commonly used terms in central banking in an alphabetical order. Usually a remedy provided in a loan document for the lender to use in the event of default by. The term edi refers to the implementation and operation of systems and processes for creating, transmitting, and receiving edi documents that emulate business. First data s payment methods 101 glossary contains core concepts, topical terms. Here with this post we are providing you the pdf file of bank terms. A standard way that information is encoded for storage in a computer file. This az pocket guide to understanding financial terms is just one of the achievements of ebss partnership with nala. It is a bond that is sold at good discount as it has no coupon. So, weve brought together a glossary for the most common terms to help you get up to speed. 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. Having launched it originally in 2004 we have now updated it with modern terminology to meet with the increasing demand for the book. Over 18000 financial and investing definitions, with links between related terms.
Clickhere to download the list of important banking terminologies in pdf. Italicized terms within the definitions are themselves defined elsewhere in the glossary, for crossreference. Credit limit this is the most a customer is allowed to borrow on their account. Learn about common it terms, technical jargon and information technology definitions in our comprehensive glossary. The terms will be helpful to improve your knowledge in central banking. Basic banking terms and definitions pdf free download.
A nongaap financial measure used to assess each of the banks businesses and to measure the banks overall performance. Banking terms pdf download gr8ambitionz prepare for. One or more of a series of bank services designed to aid a deposit customer in the reconciliation of its bank account balance. 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. 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. The glossary is also available as a pdf file in chinese, french. Reading your treasury services customer account analysis glossary terminology in our industry is far from standard, so this glossary explains the terms jpmorgan uses to.
It is the highest rated bond that gives maximum returns at the time of maturity. 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. Credit card a credit card is an identity card issued by a lender, such as a bank, to a customer. The bank may refer to this as a durable power of attorney.
A professional who is trained to document, record and analyze financial. We hope this will come in handy and serve the above mentioned purposes. It looks like a printed document and can be viewed, printed, and electronically transmitted. Investorwords the most comprehensive investing glossary on the web. Just download the file and read it, if you have any doubts then feel free to use our comments box below to ask. A document involving monetary value which can be equity based, represent. The signature authorizes that person to conduct business on behalf of the account. Total allowance for credit losses consists of specific and general allowances. Below you will find key words and definitions to help you better understand the terms used in the financial services industry. International standard banking practice for the examination of documents under documentary credit, international chamber of commerce publication 745 a companion to the ucp600 which as. Since then, more terms have continually been added with the publication of each new cpss report. Poverty defined with respect to an absolute material standard of living. Glossary financial and banking terms adjusted results.
Electronic data interchange edi is a set of standards for structuring information that is to be electronically exchanged between businesses via applicationtoapplication communication. While many of us are aware of basic banking terms, there is a plethora of confusing technical terminology associated with banking and finance. Most of the banking terminology in india are similar to other. Espicially for those people who are going to write rbi assistants and rbi grade b officers exams. Glossary of terms ac american international group aig. Some institutions require that you use the banks power of attorney forms. This small pdf file of 28 pages covered all important terms related to banking with detailed explanations more than 250 terms are there. The ultimate open banking glossary the open banking hub. The most comprehensive investing glossary on the web. In a series of providing free study material for sbi po exam. This glossary contains nontechnical descriptions of all the terms in economics for everyone highlighted in small capitals.
Working on this glossary, we went through many authoritative glossaries to pick up the useful contemporary words for the readers of this. Department of transportation in the interest of information exchange. A record that holds the results of financial transactions. Each file type has a different file format examples. A statement that customarily discloses the payment terms and conditions. Morgan asset managements glossary of investment terms, which is a valuable resource especially if youre new to investing. Where multiple terms are provided, we trust the translator to use the term that best applies to a specific context and audience. Glossary of banking terms banking terminology federal.