IMF Glossary 2. A futures market that is slowly advancing in prices. A ratio comparing the value of a position protected via a hedge with the size of the entire IMF Glossary Ratio de position itself.
Junior debt is usually an Retrieved from the unsecured form of debt, internet meaning there is no collateral behind the debt. Retrieved from the investopedia. To liquidate a futures position by entering an equivalent, but opposite, CGAP Glossary transaction which of Microfinance eliminates the delivery Terms English obligation.
Investope Retrieved from the dia. When Mustapha Henni an individual has paid up, he or she has paid for the Retrieved from security in full. Arabic Investopedia. Glossary-English- isaca.
Financial Terms de couverture The reserve ratio affects by Mona Joreige the money supply in a country. A dictionary of economic and financial terms: English-French-Arabic : with indexes of French and Arabic key-words. Investopedia - Educating the world about finance. Beirut, Lebanon: Librairie du Liban. Librairie du Liban. IMF Glossary. 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.
It is a bond that is sold at good discount as it has no coupon. Sign in. Log into your account. Password recovery. Forgot your password? Get help. 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. ATM Automatic Teller Machines : They are machines that dispense cash, receive cash, accept cheques, and give balance details and mini statements to the customers through Computer network.
It is the distribution of insurance products and the insurance policies of insurance companies by banks as corporate agents through their branches. Banks charge a fee for this service from insurance companies. It is account of nominal interest which can only be used for personal purpose and which has some restrictions on withdrawal. It is the rate of interest charged by a central bank to commercial banks on the advances and the loans it extends. It is a loan that is made for a very short period of a few days only with a low rate of interest.
It is written by an individual to transfer amount between two accounts of the same bank or a different bank and the money is withdrawn from the account. It is a general term used to describe the services provided by a group of networked bank branches.
If the percentage of CRR increases then the amount with the bank comes down. Interest will usually still accumulate during deferment. Late fees are often levied on delinquent accounts. A facility normally extended for payment of earnest money deposits in tenders. Gr 96 Depreciation Depreciation means a decline in the value of capital asset. It represents a cost of ownership and the consumption of an asset over time. For credit card accounts, this information may be found in the Card member Agreement.
It is also called the loan papers. In operative account Down Payment The amount, which has to be paid by the borrower upfront while on taking a loan. It is also called the margin amount or margin money. In a Letter of Credit it is the Beneficiary. The person who makes or draws a bill of exchange or cheque is called drawer. Charge Early repayment charge is also called prepayment penalty.
Gr Prepayment charge Electronic Electronic Clearing Facility: An inter bank arrangement where by Clearing Service a customer can give instructions to his bank where he holds a ECS current or savings account to pay the monthly installments of w. These mandates have to be endorsed by the bank branch maintaining the account. Gr Fixed Rate Also called the fixed interest rate, it is a fixed amount of interest, which is chargeable for a specified duration or for the entire tenure of the loan.
It varies according to the market conditions. This rate is linked to an external, market determined benchmark e.
The lending is expressed with ww a spread above or below the benchmark rate. Repricing takes place after a predetermined period say, 6 months when the lending rate will be revised with reference to the benchmark rate as on that day. Generally such transactions Credit Card are unauthorized by credit card holders and involve a lost, stolen, fabricated, counterfeit and fraudulent processing of a credit card.
If you purchase a car under hire-purchase agreement with a finance company, then you become the hirer. Gr Hypothecation Hypothecation is a charge that is created on movable asset as security for a debt. However, the ownership as well as possession of the asset is retained with the borrower. Eg: EMI loan. Interest is calculated at a specified percentage of the principal amount.
Semi Fixed Z. Fixed The interest rates of the loans sanctioned under fixed interest rate category remain fixed throughout the tenure of the loan. The intro rate is usually lower than the regular 8A APR. After the introductory period is over the rate switches to the regular APR. Gr Joint account Any account owned by two or more people.
Change in the mode of operation requires the mandate of all accountholders w. If you miss the due date, the account is considered past due and you may be charged a late fee. Late payments may be ww reflected on your credit report.
If you have paid late numerous times, it may be difficult to get additional credit. The late payment charges m are fixed at the time of signing the finance contract. It involves screening all the documents etc related to the property. This is done to ensure that the property in Z. When applying for credit, a borrower agrees to be liable for any charges to his or her account, including interest, fees and finance charges.
Like assets, liabilities may also be of long term nature or short term nature. The loan agreement details the various aspects and terms and condition of the loan. The borrower must read the loan agreement carefully as once he enters Gr into a legal contract with the bank by signing the loan agreement, the terms become binding. Post sanction of Disbursement the loan, the Bank conducts necessary verification and validation w. The disbursal will be done on meeting the credit criteria set by the Bank.
Such authorisation form is called a mandate. The smallest amounts you can pay by the due date and still meet mb Amount the terms of your card agreement. It is often required to be kept in an account each day to earn 8A interest, avoid a service charge or qualify for special services. It is a process for conversion of money obtained illegally to appear to have originated from legitimate sources. Often used by people who ww do not have saving accounts.
This written document is mailed to the borrower. NEFT is enabled only in specific bank branches across India. A list of these branches is available in the RBI website. It is the total of all assets minus the total liabilities of an individual or company. Nomination facility is also provided for articles in ww safe custody with banks and in safe deposit lockers. Non-bank ATMs generally do not accept deposits. This money Income can come from several sources including disability pay or legal Z.
These include proper repayment, providing the banks with post-dated cheque and following the terms written in the loan agreement carefully.
However, a customer needs to have Customer ID and a unique Net mb Banking Password in order to undertake this facility. Balance Outstanding Outstanding cheque is issued by the company but not yet cleared 8A Cheque by the bank. In preparing the bank reconciliation, it is deducted from the bank balance. The exception is an uncleared Certified cheque, which is not considered outstanding since both parties, the company and the bank, know about it and have subtracted it.
Remittances separately on his instructions to another account with the same bank or another banks in the manner indicated by the customer Demand drafts, electronic funds transfer, telegraphic transfers etc.
Banks may levy service charges for affecting the ww remittances. Any combination of purchases, cash advances, fees or finance Credit Card charges may cause you to exceed your credit limit. For example, you will be over the credit limit if you spend Rs.
When your checking account does not have sufficient available funds to cover a cheque, funds are automatically transferred from the available balance in the linked account to cover the cheque. This often applies to cheque. Drawee If you receive a cheque you are the payee and the person or Gr company who wrote the cheque is the payer or drawer. If Drawer you write a cheque you are the payer and the recipient of the cheque is the payee.
If a Premature customer keeps a deposit with a bank for a fixed tenure and in the Withdrawal of event of the depositor withdrawing the deposit before the due Fixed Deposit maturity date, the banks can charge a Penalty sum on premature withdrawal. If the number they use is correct they will be allowed to access their account. Normally postal charges are recovered from instrument on actual basis.
The person for whom the act is done or who is so represented is called principal. The person who is so authorized to do or represent is Gr called agent. It may be either notarized or registered depending on the transaction. It is a reference interest m rate used by banks for its lending purposes. Loan amount Outstanding disbursed less Principal repaid till date taken from the Bank. It lists your rights and responsibilities under mb the loan agreement, including how and when the loan must be repaid.
Rights and responsibilities for credit card accounts are listed in the Card member Agreement.
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