Terms with Tag Banking
- Automated Banking Machine (ABM) — Acronym, ➥ Sometimes incorrectly referred to as an Automatic Bank Machine.
- Automated Clearing House (ACH) — Acronym,
- Secure electronic funds transfer (EFT) system that connects all US financial institutions.
- Automated Clearing Settlement System (ACSS) — Acronym,
- Automated Direct Debit Amendment and Cancellation Service (ADDACS) — Acronym,
- Automated Return of Unpaid Direct Debits (ARUDD) — Acronym,
- Automated Teller Machine (ATM) — Acronym, Canada,
- A terminal activated by a magnetically encoded card that allows customers of a bank or other financial institution to conduct everyday banking tasks such as deposits, withdrawals and transfers between accounts. An interconnection of these terminals allows customers to conduct certain transactions around the nation and the world; usually subject to a surcharge fee.
➥ See also Automated Banking Machine (ABM). - Automatic Electronic Funds Transfer (AEFT) — Acronym,
- Automatic Payment — Definition,
- An arrangement that authorizes periodic withdrawals to be made from a chequing or savings account to pay bills, usually regular monthly payments such as for rent or mortgages.
- Automatic Revolving Letter of Credit (ARLC) — Acronym,
- Automatic Transfer of Loan Payments (ATLP) — Acronym,
- Automatic Transfer Service (ATS) — Acronym,
- Average Daily Collected Balance (ADCB) — Acronym,
- Average Tax Rate — Definition,
- The real rate of taxes you pay after taking into account the various federal tax brackets. There are different tax rates for different levels of income; you pay lower rates on the first part of your income, more on the later earnings. As you pass each income level, the money above that level is taxed at the next higher rate. Therefore, your average tax rate is less than the top rate you pay on a portion of income.
- Backflip Takeover — Definition,
- A form of takeover where the purchasing company becomes a subsidiary of the purchased company.
- Bad Credit — Definition,
- Someone who carries a higher credit risk.
- Bad Credit Loan — Definition,
- A loan taken out by someone with bad credit.
- Bad Debt — Definition,
- Money that cannot be collected is considered bad debt. Businesses can deduct bad debts under certain circumstances. If a bad debt is personal, it can also be deducted in some instances as a short-term capital loss.
- Balance (bal.) — Abbreviation,
- The amount of money in your account.
- Balance of Payments Support (BOPS) — Acronym,
- Balance Transfer (BT) — Acronym,
- The process of moving an unpaid credit card debt from one issuer to another. Card issuers sometimes offer teaser rates to encourage balance transfers coming in and balance transfer fees to discourage them from going out.
- Balance Transfer Fee — Definition,
- Fee charged customers for transferring an outstanding balance from one card to another.
- Balloon Loan — Definition,
- A loan in which the payments aren't set up to repay the loan in full by the end of the term. At the end comes the balloon payment -- one that is larger than the other, periodic payments and pays off the remaining principal.
- Balloon Payment — Definition,
- A loan instalment that is larger than the other, periodic payments and pays off the remaining principal.
- Bank — Definition,
- An institution that acts as a financial intermediary by receiving money from depositors and lenders and also lending to borrowers.
- Bank Advisory Committee (BAC) — Acronym,
- Bank Deposit Agreement (BDA) — Acronym,
- Bank for International Settlements (BIS) — Company Est. 1930, Basel, Switzerland,
- International financial organisation fostering cooperation to central banks.
- Bank Fund Staff Federal Credit Union (BFSFCU) — Company, United States and Canada,
- Bank Holding Company (BHC) — Acronym,
- A company that owns or controls one or more banks or companies associated with banking such as leasing companies, credit companies, etc. It is usually identified by the word Bancorp or Bancshares in the name. The Federal Reserve Board of Governors regulates all bank holding companies.
- Bank Investment Contract (BIC) — Acronym,
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