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SPEEDY Railway Book (English)

Banking Terms and Glossary: Part - 1 (Alphabet - A)



Essential for All Upcoming Bank Exams
  • Acceleration - Acceleration is the process, where the lender demands repayment of loan or the full and final payment of the loan, before the due date for return. A clause of the credit document usually encourages the lender to increase the speed of time.
  • Acceptance - Acceptance which is known as Banker's Recognition is a signed instrument, which allows all terms and conditions of a contract on behalf of the bank. This is a very comprehensive word that is used in contextually with financial contracts.
  • Acceptor - A trading or service organization that receives on behalf of its own party or its network, provides products or services through electronic mine instruments.
  • Account - An account is a record of all financial transactions related to a financial, personal, transaction or organization. This is a key word in accounting and it is commonly marked by A / C. It can be defined as a transaction between a buyer and a seller and the debtor who develops the borrower's relationship with the borrower.

  • Account Agreement - The agreement that governs a customer's open-and-credit credit account, provides information about changes that may happen on this account.
  • Account Balance - With a debit and credit amount, the amount of money in a particular bank account, also known as the net amount account balance.
  • Account History - Payment history of an account in a specific period, in which the number of times the number of accounts was limited or above the limit.
  • Account Debtor - An account lender is an individual or an institution which is in debt and is obliged to pay it to an account or hanging paper or contract. The account lender is, sometimes, only referred to as the borrower.
  • Account Holder - Any person and all persons authorized and authorized to manage the business on an account. The signature of each account holder is required to be in the file with the bank. The signature allows the person to manage the business for the account.
  • Account Statement - A financial record indicating the impact of transactions and debit and credit for its account (usually the bank account). Sometimes, an account statement carries some specific details, such as transaction date, transaction code, transaction mode, sales, shopping, etc.
  • Accountability - Keep electronic records of electronic money.
  • Accounts Payable - The account payable is a list of liabilities of an organization or any other person who is liable but not lenders. Accounts are payable, in some cases also the balance sheet appears as a current liability. One must remember that loans and liabilities are not part of any bank account for those banks who do not have the term.
  • Automatically Protected - Until May 1, 2011, federal benefits such as social security benefits, veteran benefits, supplemental security benefits, benefits of railways retirement benefits, and the benefits of the Person's Management Office, which are directly deposited in an account, can be secured automatically from the pregnancy reviewed review. Depending on the balance of the day.
  • Annual percentage rate (APR) - Interest rates and fees or additional costs are charged each year for you loan or credit card. As a customer for you, a lower rate is always good.
  • Automated Teller Machine (ATM) - A machine, activated by a magnetic encoded card or other medium, can process different bank transactions. These include acceptance of deposits and payment of debt, payment and fund transfer among accounts.
  • Automatic Bill Payment - A checkless system to repay the repayment bill with an approval statement from a financial institution. For example, the customer must pay an authorization form / letter / document only to pay only the bill each month. An Automated Clearing House (ACH) provides the required debits and credits.
  • Adjustable-rate mortgage (ARM) - A loan for which the interest rate (coupon rate) is regularly reflected in the changes in the prevailing index rate. There may be ARM's cap and floor, which limits the annual and / or coupon-rate internal changes.
  • Assignment - If the agreement between the two parties is transferred to one of the transfer parties, the employer, the rights or obligations of the other party, if employed in the interest of the allotted employer's property, then the employer may transfer the rights to the employer or ownership. If employed for the sake of the liability of the employer, then the employer is fully functional or completely absent.
  • Asset/Liability Risk - Current liability / liability is a risk that cannot be met with the current period Wealth. All organizations have a basic risk, which will manage risk and maintain liquidity or be bankrupt.
  • Automated Banking Machines (ABMs) - Terminals that allow bank customers to perform many banking tasks, such as deposits, funds, bill payments, and transfer between accounts.
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