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Study sets matching "banking terminology"

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Study sets matching "banking terminology"

24 terms
Banking Terminology
credit union
bank
loan
interest
type of financial institution wherein the members have someth…
type of financial institution that is insured by FDIC
money you borrow from the bank with a promise to pay it back…
money a consumer pays the bank when money is borrowed. The am…
credit union
type of financial institution wherein the members have someth…
bank
type of financial institution that is insured by FDIC
14 terms
Banking Terminology
PIN
Electronic banking
Debit card
Cheques
In order to operate a debit card you must remember this in or…
The system that allows you to access your accounts via the te…
A card issued by a bank that allows you to transfer money fro…
A paper form that the account holder fills in and signs in or…
PIN
In order to operate a debit card you must remember this in or…
Electronic banking
The system that allows you to access your accounts via the te…
38 terms
Banking Terminology
Assets
Balance
Bank
Bond
items of monetary value (house, land, vehicle) owned by an in…
equality of totals in the debit and credit sides of an account
an establishment for lending, issuing, borrowing, exchanging…
A certificate of debt issued by a government or corporation g…
Assets
items of monetary value (house, land, vehicle) owned by an in…
Balance
equality of totals in the debit and credit sides of an account
30 terms
banking terminology
savings account
endorse
certificate of deposit
clear/ cancelled check
a bank account which accrues interest in exchange for use of…
to write the payee's own signature on the back of a check bef…
negotiable certificate issued by a bank in return for a depos…
a check does this when its amount is debited (subtracted) fro…
savings account
a bank account which accrues interest in exchange for use of…
endorse
to write the payee's own signature on the back of a check bef…
30 terms
Terminology to banking
Insufficient funds (NSF)
Certified check
Power of attorney
With drawl
Not enough money to cover the check
A guarantee from the bank to cover a sum of money personal ch…
Written legal authorization to act for another person
Removal of fund from a checking account by writing a check
Insufficient funds (NSF)
Not enough money to cover the check
Certified check
A guarantee from the bank to cover a sum of money personal ch…
9 terms
Banking Terminology
Endorser
Maker
Payee
Check
Person who signs bis or her name on the back of a check for t…
Individual,corporation or legal party who signs a check;perso…
Person named on a draft or check as the intended recipient of…
Order to a bank to provide payment of a specified amount of m…
Endorser
Person who signs bis or her name on the back of a check for t…
Maker
Individual,corporation or legal party who signs a check;perso…
14 terms
Banking Terminology Set 2
Another word for "making money" is
Banks are
Two types of accounts are
A checking account is used for
earn. My mom works and earns money for doing her job.
safe places for storing money.
checking accounts and savings accounts.
every day expenses like food, clothes and things you do for f…
Another word for "making money" is
earn. My mom works and earns money for doing her job.
Banks are
safe places for storing money.
15 terms
Banking terminology
Withdrawl
Insufficient funds
Overdrawn
Countersign
A term used for taking funds from a depositor's account
A term used to indicate that the depositor account is inadequ…
A depositor draws a check for more than the amount he has in…
To have another person sign a paper that has already been sig…
Withdrawl
A term used for taking funds from a depositor's account
Insufficient funds
A term used to indicate that the depositor account is inadequ…
16 terms
Banking Terminology
endorsement
Blank Endorsement
Restrictive Endorsement
Special Endorsement
your signed approval for a check to be cashed (turned into mo…
Requires your signature and account number only. (NOTE: A bla…
is used when you want the check deposited into your account.…
Use this endorsement when you want to give your check to some…
endorsement
your signed approval for a check to be cashed (turned into mo…
Blank Endorsement
Requires your signature and account number only. (NOTE: A bla…
14 terms
Banking Terminology
PIN
Electronic banking
Debit card
Cheques
In order to operate a debit card you must remember this in or…
The system that allows you to access your accounts via the te…
A card issued by a bank that allows you to transfer money fro…
A paper form that the account holder fills in and signs in or…
PIN
In order to operate a debit card you must remember this in or…
Electronic banking
The system that allows you to access your accounts via the te…
27 terms
Banking Terminology
overdraft
stop payment order
reconciliation
canceled check
A check written for more money than your account contains
a written notice that tells the bank not to pay a certain check
is an accounting process that uses two sets of records to ens…
a check that has cleared your account
overdraft
A check written for more money than your account contains
stop payment order
a written notice that tells the bank not to pay a certain check
20 terms
Banking Terminology
Interest rate
Interest
Compound interest
Principal
The percent of interest you either make pay on a principal
The fee someone pays to be able to borrow money
Interest that is generated not only from the money you put in…
Sum of money you put into an account or the amount of money (…
Interest rate
The percent of interest you either make pay on a principal
Interest
The fee someone pays to be able to borrow money
15 terms
Banking Terminology
Withdrawl
Insufficient Funds
Overdrawn
Countersign
A term used for taking funds from a depositors account
A term used to indicate that the depositors account is inadeq…
A depositor draws a check for more than the amount he has in…
To have another person sign a paper that had already been sig…
Withdrawl
A term used for taking funds from a depositors account
Insufficient Funds
A term used to indicate that the depositors account is inadeq…
15 terms
Banking Terminology
withdrawal
insufficient funds
overdrawn
countersign
a term used for taking funds from a depositor's account
a term used to indicate that the depositor's account is inade…
a depositor draws a check for more than what is in the account
to have another person sign a paper that has already been sig…
withdrawal
a term used for taking funds from a depositor's account
insufficient funds
a term used to indicate that the depositor's account is inade…
15 terms
Banking Terminology
Withdrawl
Insufficient Funds
Overdrawn
Countersign
Taking funds from a depositors account
Depositors account is inadequate to cover the check
Depositor draws a check for more than the amount he has in th…
Another person signs a paper that has already been signed
Withdrawl
Taking funds from a depositors account
Insufficient Funds
Depositors account is inadequate to cover the check
11 terms
BANKING TERMINOLOGY
ACCOUNT AVAILABLE BALANCE
ACH (AUTOMATED CLEARING HOUSE)
ALTERNATE ADDRESS
APR (ANNUAL PERCENTAGE RATE)
THE
...
...
...
ACCOUNT AVAILABLE BALANCE
THE
ACH (AUTOMATED CLEARING HOUSE)
...
15 terms
BANKING TERMINOLOGY
WITHDRAWL
INSUFFICIENT FUNDS
OVERDRAWN
COUNTERSIGN
A TERM USED FOR TAKING FUNDS FROM A DEPOSITOR'S ACCOUNT
A TERM USED TO INCICATE THAT THE DEPOSITOR'S ACOUNT IS INADEQ…
A DEPOSITOR DRAWS A CHECK FOR MORE THAN THE AMOUNT HE HAS IN…
TO HAVE ANOTHER PERSON SIGN A PAPER THAT HAS ALREADY BEEN SIG…
WITHDRAWL
A TERM USED FOR TAKING FUNDS FROM A DEPOSITOR'S ACCOUNT
INSUFFICIENT FUNDS
A TERM USED TO INCICATE THAT THE DEPOSITOR'S ACOUNT IS INADEQ…
16 terms
Bank Terminology
Altered Check
Attorney-in-fact
Batch
Certificate of Deposit (CD)
A check on which a material change, such as in the dollar amo…
A party who has been authorized by a bank's depositor to issu…
A group of documents, such as deposits, checks, and records,…
A formal receipt issued by a bank for a specified amount of m…
Altered Check
A check on which a material change, such as in the dollar amo…
Attorney-in-fact
A party who has been authorized by a bank's depositor to issu…
Bank Terminology
Reconciliation
"Balance Your Check Register"
What is a "Cleared Check"?
What is an "Outstanding Check"?
When you have verified that your checkbook is the same as you…
Writing everything down in your check register and checking w…
A check is cleared when the money is subtracted from your acc…
A check that the money has not been taken out of your account…
Reconciliation
When you have verified that your checkbook is the same as you…
"Balance Your Check Register"
Writing everything down in your check register and checking w…
56 terms
Terminology bank
allegory
alliteration
allusion
analogy
A literary work in which characters, objects, or actions repr…
Repetition of consonant sounds
A brief and indirect reference to a person, place, thing or i…
A comparison of two different things that are similar in some…
allegory
A literary work in which characters, objects, or actions repr…
alliteration
Repetition of consonant sounds
133 terms
Bank Terminology
Account balance
Account statement
Account ownership
Active account
Saldo de cuenta
Estado de cuenta
Titularidad de la cuenta
Cuenta activa
Account balance
Saldo de cuenta
Account statement
Estado de cuenta
22 terms
Basic Banking Terminology
ATM
Balance
Bank charges
Branch
Automatic Teller Machine
The difference between credits and debits in an account
Money paid to a bank for the bank's services
local office of a bank
ATM
Automatic Teller Machine
Balance
The difference between credits and debits in an account
27 terms
Banking Terminology - 1
Overdraft
Stop Payment Order
Reconciliation
Canceled Check
A check written for more money than your account contains
a written notice that tells the bank not to pay a certain check
"A process that explains the difference between the bank bala…
" A canceled check has been paid by the drawee bank and endor…
Overdraft
A check written for more money than your account contains
Stop Payment Order
a written notice that tells the bank not to pay a certain check
42 terms
Banking Terminology for Financial Literacy
Overdraft
Stop payment order
Reconciliation
Canceled check
A check written for more money than your account contains
A request made to cancel a check or payment that has not been…
Agreement
A check that has cleared your account
Overdraft
A check written for more money than your account contains
Stop payment order
A request made to cancel a check or payment that has not been…
12 terms
BANKS - REMAINING TERMINOLOGY (DEFINITIONS)
BANK ... is an organization authorized by…
PRIMARY FUNCTION/IMPORTANCE OF BANKS... P…
INVESTMENT BANKS ... are banks that do no…
SAVINGS BANK... a financial institution w…
BANKA... je organizace mající povolení nějaké vlády k přijímání…
ZÁKLADNÍ FUNKCE/DŮLEŽITOST BANK... Lidé vydělávají peníze, aby…
INVESTIČNÍ BANKY... jsou banky, které nepůjčují peníze, ale fung…
SPOŘITELNA... finanční instituce, jejíž základní funkcí je sprav…
BANK ... is an organization authorized by…
BANKA... je organizace mající povolení nějaké vlády k přijímání…
PRIMARY FUNCTION/IMPORTANCE OF BANKS... P…
ZÁKLADNÍ FUNKCE/DŮLEŽITOST BANK... Lidé vydělávají peníze, aby…
Banking Terminology 1
Overdraft
Stop payment order
Reconciliation
Canceled check
money is withdrawn from a bank account and the available bala…
A request made to a financial institution to cancel a check o…
the action of making financial accounts consistent
has been paid by the drawee bank and endorsed by the payee, t…
Overdraft
money is withdrawn from a bank account and the available bala…
Stop payment order
A request made to a financial institution to cancel a check o…
27 terms
Banking Terminology 1
overdraft
stop payment order
reconciliation
canceled check
A check written for more money than your account contains.
a written notice from the drawer to telling the bank not to p…
A congressional process through which program authorizations…
a check paid by the bank, deducted from the depositor's accou…
overdraft
A check written for more money than your account contains.
stop payment order
a written notice from the drawer to telling the bank not to p…
20 terms
Investment Banking Terminology
EBITDA Margin
Operating Margin
EBITDA
Enterprise Value
A measurement of a company's operating profitability.A firm w…
Operating margin is a measurement of what proportion of a com…
EBITDA is essentially net income with interest, taxes, deprec…
Economic value of a company, minimum amount an acquirer would…
EBITDA Margin
A measurement of a company's operating profitability.A firm w…
Operating Margin
Operating margin is a measurement of what proportion of a com…
27 terms
Banking Terminology 1
overdraft
stop payment order
reconciliation
canceled check
a deficit in a bank account caused by drawing more money than…
a request that a bank or other financial institution not cash…
A congressional process through which program authorizations…
A check that has cleared the depositor's account and has been…
overdraft
a deficit in a bank account caused by drawing more money than…
stop payment order
a request that a bank or other financial institution not cash…
27 terms
Banking Terminology I
Overdraft
Stop Payment Order
Reconciliation
Canceled Check
A check written for more money than your account contains
a written notice that tells the bank not to pay a certain check
A congressional process through which program authorizations…
a check that has cleared your account
Overdraft
A check written for more money than your account contains
Stop Payment Order
a written notice that tells the bank not to pay a certain check
Investment Banking Terminology
EBITDA Margin
Operating Margin
EBITDA
Enterprise Value
A measurement of a company's operating profitability.A firm w…
Operating margin is a measurement of what proportion of a com…
EBITDA is essentially net income with interest, taxes, deprec…
Economic value of a company, minimum amount an acquirer would…
EBITDA Margin
A measurement of a company's operating profitability.A firm w…
Operating Margin
Operating margin is a measurement of what proportion of a com…
24 terms
Banking Terminology 1
Overdraft
Stop Payment Order
Reconciliation
Canceled Check
occurs when money is withdrawn from a bank account and the av…
a written notice that tells the bank not to pay a certain check
A congressional process through which program authorizations…
a check that has cleared your account
Overdraft
occurs when money is withdrawn from a bank account and the av…
Stop Payment Order
a written notice that tells the bank not to pay a certain check
27 terms
banking terminology 1
overdraft
stop payment order
reconciliation
canceled check
occurs when money is withdrawn from a bank account and the av…
a written notice that tells the bank not to pay a certain check
A congressional process through which program authorizations…
a check that has cleared your account
overdraft
occurs when money is withdrawn from a bank account and the av…
stop payment order
a written notice that tells the bank not to pay a certain check
27 terms
Banking terminology 1
overdraft
stop payment order
reconciliation
canceled check
A check written for more money than your account contains
a written notice that tells the bank not to pay a certain check
A congressional process through which program authorizations…
Check that has cleared your account
overdraft
A check written for more money than your account contains
stop payment order
a written notice that tells the bank not to pay a certain check
27 terms
Banking Terminology 1
Overdraft
Stop Payment Order
Reconciliation
Canceled Check
a deficit in a blank account caused by drawing more money tha…
a request made to a financial institution to cancel a check o…
the process of ensuring that two sets of records are in agree…
a check that has cleared the depositor's account and has been…
Overdraft
a deficit in a blank account caused by drawing more money tha…
Stop Payment Order
a request made to a financial institution to cancel a check o…
21 terms
Banking Terminology 1
1. overdraft
2. stop payment order
3. reconciliation
4. canceled check
An overdraft occurs when money is withdrawn from a bank accou…
Revocation of a check; a notice made by a depositor to his or…
the action of making financial accounts consistent; harmoniza…
A canceled check is a check that has cleared the depositor's…
1. overdraft
An overdraft occurs when money is withdrawn from a bank accou…
2. stop payment order
Revocation of a check; a notice made by a depositor to his or…
27 terms
Banking Terminology 1
1. overdraft
2. stop payment order
3. reconciliation
4. canceled check
1. A check written for more money than your account contains
2. a written notice that tells the bank not to pay a certain…
3. A congressional process through which program authorizatio…
4. a check that has cleared your account
1. overdraft
1. A check written for more money than your account contains
2. stop payment order
2. a written notice that tells the bank not to pay a certain…
27 terms
Banking Terminology 1
overdraft
stop payment order
reconciliation
canceled check
a deficit in a bank account caused by drawing more money than…
a request made to a financial institution to cancel a check o…
an accounting process that uses two sets of records to ensure…
a check that has cleared the depositor's account and has been…
overdraft
a deficit in a bank account caused by drawing more money than…
stop payment order
a request made to a financial institution to cancel a check o…
27 terms
Banking Terminology 1
Overdraft
Stop payment order
Reconciliation
Canceled check
a check written for more money than your account contains.
an order by a depositor requesting a bank not to pay on a che…
agreement after a quarrel
a checked that has cleared your account.
Overdraft
a check written for more money than your account contains.
Stop payment order
an order by a depositor requesting a bank not to pay on a che…
27 terms
Banking Terminology 1
overdraft
stop payment order
reconciliation
canceled check
A check written for more money than your account contains
a written notice that tells the bank not to pay a certain check
agreement after a quarrel
a check that has cleared your account
overdraft
A check written for more money than your account contains
stop payment order
a written notice that tells the bank not to pay a certain check
27 terms
Banking Terminology 1
overdraft
stop payment order
reconciliation
canceled check
A check written for more money than your account contains
a written notice that tells the bank not to pay a certain check
A congressional process through which program authorizations…
a check that has cleared your account
overdraft
A check written for more money than your account contains
stop payment order
a written notice that tells the bank not to pay a certain check
27 terms
Banking Terminology 1
overdraft
stop payment order
reconciliation
canceled check
A check written for more money than your account contains
a written notice that tells the bank not to pay a certain check
agreement after a quarrel
a check that has cleared your account
overdraft
A check written for more money than your account contains
stop payment order
a written notice that tells the bank not to pay a certain check
27 terms
Banking Terminology 1
overdraft
stop payment order
reconciliation
canceled check
A check written for more money than your account contains
a written notice that tells the bank not to pay a certain check
agreement after a quarrel
a check that has cleared your account
overdraft
A check written for more money than your account contains
stop payment order
a written notice that tells the bank not to pay a certain check
12 terms
Banking Terminology 1
overdraft
stop payment order
reconciliation
canceled check
A check written for more money than your account contains
a request that the bank not cash a specific check
Coming back together after a disagreement
a check that has cleared your account
overdraft
A check written for more money than your account contains
stop payment order
a request that the bank not cash a specific check
27 terms
Banking Terminology 1
Overdraft
Stop payment order
Reconciliation
Canceled check
A check written for more money than your account contains
A request made to cancel a check or payment that has not been…
Agreement
A check that has cleared your account
Overdraft
A check written for more money than your account contains
Stop payment order
A request made to cancel a check or payment that has not been…
26 terms
Banking Terminology 1
Overdraft
Stop Payment Order
Reconciliation
Canceled Check
A check written for more money than your account contains
an order by a depositor requesting a bank not to pay on a che…
agreement after a quarrel
a check that has cleared your account
Overdraft
A check written for more money than your account contains
Stop Payment Order
an order by a depositor requesting a bank not to pay on a che…
Spanish Banking Terminology
account holder
account to be credited
acknowledgement
addressee
titular de cuenta
cuenta beneficiaria
acuse de recibo
destinatario
account holder
titular de cuenta
account to be credited
cuenta beneficiaria
105 terms
Bank Teller Terminology
Account Balance
Account Number
Annuity
Bait/ Marked Money
the amount of money in a customers account
a number that identifies the customers banking office and acc…
a fixed amount payable annually or at regular internals for a…
Money designed to assist law enforcement officers in a appreh…
Account Balance
the amount of money in a customers account
Account Number
a number that identifies the customers banking office and acc…
9 terms
Banking and Financial Terminologies
asset-backed security
mortgage-backed security
collateral
abandonment value
A bond or note backed by loans that are not first lien mortga…
A bond-type security in which the collateral is provided by a…
An asset pledged by a borrower to a lender until a loan is re…
Value of an option to get out of a project at some point if t…
asset-backed security
A bond or note backed by loans that are not first lien mortga…
mortgage-backed security
A bond-type security in which the collateral is provided by a…
15 terms
Banking Terminology (Green Mod)
Withdrawal
Insufficient Funds
Overdrawn
Countersign
A term used for taking funds from a depositor's account.
A term used to indicate that the depositor's account is inade…
A depositor draws a check for more than the amount he has in…
To have another person sign a paper that has already been sig…
Withdrawal
A term used for taking funds from a depositor's account.
Insufficient Funds
A term used to indicate that the depositor's account is inade…
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