Category
Banking terms
Banking terms cover how banks take deposits, lend money, move payments and manage risk. Knowing them makes it easier to compare accounts, negotiate a loan or read a bank statement with confidence. 863 Banking terms are explained below, each with real-world examples.
- ABA Transit Number
- Ability to Repay
- ACAT
- Acceptance
- Accommodation Endorsement
- Account Activity
- Account Aggregation
- Account Freeze
- Account Hold
- Account Inquiry
- Account Settlement
- ACH
- Add-On Interest
- Additional Collateral
- Adjustment Credit
- Advance Commitment
- Advance Rate
- Advanced Internal Rating-Based
- Advanced Internal Rating-Based (AIRB) Approach
- Adversely Classified Asset
- After-Acquired Collateral
- Agency MBS Purchase
- Agent Bank
- Aggregator (Mortgage)
- Agricultural Credit
- AIB
- Alangreenspan
- Allonge
- Alternative Methods of Payment
- Amortized Loan
- Amount Financed
- Annual Equivalent Rate (AER)
- Asset Liquidation Agreement (ALA)
- Asset Quality Rating
- Asset Valuation Review (AVR)
- Asset-Based Finance
- Asset-Liability Committee
- Asset-Liability Committee (ALCO)
- Authorization Code
- Authorization Date
- Authorization Only
- Authorized Amount
- Authorized Transaction
- Automated Teller Machine (ATM)
- Automated Underwriting
- Automatic Transfer of Funds
- Automatic Transfer Service
- Availability Schedule
- Available Balance
- Available Funds
- Avalize
- Average Collected Balance
- B/C Loan
- Back-to-Back Commitment
- Back-to-Back Loan
- Backup Line
- Bad Bank
- Bad Credit
- Balance Chasing
- Balance Reporting
- Balloon Loan
- Bank
- Bank Bill Swap Bid Rate
- Bank Capital
- Bank Card
- Bank Credit
- Bank Debits
- Bank Discount Rate
- Bank Endorsement
- Bank Examination
- Bank Failure
- Bank Fees
- Bank Giro Transfer
- Bank Holiday
- Bank Identification Number
- Bank of Central African States
- Bank of First Deposit
- Bank Panic of 1907
- Bank Rate
- Bank Rating
- Bank Reserve
- Bank Stress Test
- Bank Wire
- Banker's Acceptance
- Bankers' Bank
- Banknet
- Banknote
- Bankofcanada
- Banks for Cooperatives
- Banque d'Affaires
- Baringsbank
- Base I
- Basel Accord
- Basel I
- Basel II
- Baselcommittee
- Basel III
- Batch Credit Card Processing
- Batch Header Record
- BDBOC
- Bear Stearns
- Beige Book
- Below Market Interest Rate
- Benbernanke
- Bigfivebanks
- Bigsixbanks
- Bill Presentment
- Blocked Account
- BOE
- Book Transfer
- Bounced Check
- Branch Automation
- Branch Banking
- Branch Manager
- Bridge Bank
- Brokered Certificate of Deposit
- Brokered Deposit
- Building Society
- Bulge Bracket
- Bumpupcd
- Bundesbank
- Business Banking
- Business Credit Card
- Business Guarantee
- Caissepopulaire
- Call Deposit Account
- Call Money
- Call Money Rate
- Call Report
- Callable Certificate of Deposit
- Callloan
- Camelrating
- CAMELS Rating System
- Canceled Check
- Capital Base
- Capital Buffer
- Capped Rate
- Card-Not-Present Fraud
- Cardholder Agreement
- Cardpresent Fraud
- Cash Basis Loan
- Cash Concentration and Disbursement
- CBLO
- CCDB
- CD Ladder
- CDIC
- CDPU
- Certificate of Deposit Account Registry Service
- Certified Check
- Certified Credit Executive (CCE)
- Chain Banking
- Charge Card
- Charge-Off Rate (Credit Card)
- Chargeback Period
- Chartered Bank
- Chattel Mortgage
- Check 21 Act
- Check Conversion
- Check Hold
- Check Representment
- Check Routing Symbol
- Checkable Deposits
- Checkbook
- Checking Account
- Chip Card
- Christmas Club
- Circle Financial Services Company
- Classified Loan
- Clean-Up Requirement
- Clearing House Automated Payments System (CHAPS)
- Clearing House Funds
- Clearing House Interbank Payments System (CHIPS)
- Closed Account
- Closed-End Credit
- Closed-End Mortgage
- Co-Applicant
- Co-Borrower
- Co-Branded Card
- Co-mortgagor
- Collateral Value
- Collateralization
- Collection
- Collection Agency
- Combination Loan
- Combined Loan-to-Value Ratio (CLTV)
- Combined Statement
- Commercial Account
- Commercial and Industrial (C&I) Loan
- Commercial Credit
- Commercial Visa
- Commissioner of Banking
- Committed Credit Line
- Committee Payment Settlement Systems (CPSS)
- Community Reinvestment Act (CRA)
- Compensating Balances Plan
- Concentration Account
- Concentration Bank
- Confirmed Letter Credit
- Conforming Loan
- Conforming Loan Limit
- Consortium Bank
- Constructionloannote
- Consumer Credit File
- Consumer Interest
- Consumer Liability
- Contemporaneous Reserves
- Contingent Convertible
- Contingent Guarantee
- Continuation Statement
- Continuous Bond
- Convenience Check
- Convenience Fee
- Conventional Mortgage
- Core Capital
- Core Deposits
- Corporate Trade Exchange (CTX)
- Correspondent Bank
- Cosign
- Coterminous Loan
- Country Limit
- Crapo Bill
- Credit Agency
- Credit Business Associate (CBA)
- Credit Card
- Credit Card Balance
- Credit Card Cloning
- Credit Checking
- Credit Easing
- Credit Market
- Credit Reference
- Credit Reporting Agency
- Credit Risk Certification
- Credit Ticket
- Cross Collateralization
- Cross-Border Financing
- Crossed Check
- CSB
- CUNA
- Currency in Circulation
- Custodial Agreement
- Customer Information File
- Cut-Off Score
- Daylight Overdraft
- Dealer Bank
- Dealer Financing
- Debit Card
- Debt
- Debt Accordions
- Debt Cancellation Contract
- Debt Service
- Deceased Account
- Decree of Foreclosure and Sale
- Deed in Lieu of Foreclosure
- Deed of Reconveyance
- Default Probability
- Default Rate
- Deferment Period
- Deferred Interest
- Deferred Interest Mortgage
- Deficiency Judgment
- Delayed Disbursement
- Delinquency Rate
- Delinquent
- Delinquent Account
- Delinquent Mortgage
- Demand Deposit
- Demand Draft
- Demand Note
- Deposit
- Deposit Broker
- Deposit Interest Rate
- Deposit Slip
- Depository
- Digicash
- Digital Money
- Digital Transaction
- Direct Consolidation Loan
- Discount House
- Discount Points
- Discount Window
- Disintermediation
- Distressed Borrower
- Dormancy Fee
- Double Leverage
- Doubtful Loan
- Drawee
- Dual Banking System
- Dual Currency Deposit
- Durbin Amendment
- Dynamic Gap
- Earnings Credit Rate
- Ecash
- Economic Value of Equity
- Edgeactcorporation
- Effective Annual Interest Rate
- Effectiveinterest
- Electronic Benefits Transfer
- Electronic Bill Payment & Presentment
- Electronic Check
- Electronic Check Presentment
- Electronic Fund Transfer Act
- Electronic Identity Verification
- Electronic Money
- Electronic Transfer Account
- Email Money Transfer
- Emergency Credit
- Emergencybankingact
- EMV
- End Loan
- Endorser
- Entrusted Loan
- EONIA
- EPN
- Equated Monthly Installment
- Equivalent Flat Rate
- Error Resolution
- EURIBOR
- Euro Interbank Offer Rate
- Eurocredit
- Eurocurrency
- Eurocurrency Market
- Eurodollar
- Eurolibor
- European Bank for Reconstruction and Development
- European Banking Authority (EBA)
- European Central Bank (ECB)
- European Investment Bank (EIB)
- Ex Im Bank
- Exception Item
- Excess Loans
- Exotic Mortgage
- Expedited Funds Availability Act (EFAA)
- Export-Import Bank (Ex-Im Bank)
- Facility
- Farm Credit System
- Farmermac
- Farmers Home Administration Fmha
- Fed Balance Sheet
- FEDAI
- Federal Call
- Federal Credit Union Fcu
- Federal Discount Rate
- Federal Funds
- Federal Home Loan Bank Act
- Federal Housing Administration (FHA) Loan
- Federal Reserve Bank of Boston
- Federal Reserve Bank of Kansas City
- Federal Reserve Bank of New York
- Federal Reserve Bank of Richmond
- Federal Reserve Note
- Federal Reserve Regulations
- Federal Savings and Loan
- Federalreservesystem
- Fedwire
- FFDLC
- FFIEC
- FHA 203(k) Loan
- FHLB
- FICO 08
- FICO Fair Isaac
- Finality of Payment
- Financial Cooperative
- Financial Holding Company
- Financial Intermediary
- Five C Credit
- Fixed Rate Certificate of Deposit
- Fixed Term
- Fixed-Rate Payment
- Fleet Cards
- Floor Limit
- Floor Loan
- Forbearance
- Force-Placed Insurance
- Foreign Branch Bank
- Foreign Deposits
- Foreign Draft
- Foreign Remittance
- Foreign Transaction Fee
- Forfaiting
- FRB
- Friendly Loan
- Front-End Debt-to-Income Ratio
- Frozen Account
- Full Recourse
- Full Recourse Debt
- Fully Amortizing Payment
- Fully Drawn Advance
- Fully Indexed Interest Rate
- Funds Transfer Pricing (FTP)
- Furnisher
- Future Advance
- Future Dating
- Gen-Saki
- Gharar
- Gift of Equity
- Go-Around
- Gold Reserve Act of 1934
- Good Faith Estimate
- Government-Sponsored Enterprise
- Gramm-Leach-Bliley Act (GLBA)
- Greenspan Put
- Gross Cash Recovery (GCR)
- Gross Debt Service Ratio (GDS)
- Gross Interest
- Group Banking
- Guarantee Fees
- Half-Life
- Hawala
- High Street Bank
- Highly Leveraged Transaction
- Home Banking
- Hong Kong Interbank Offered Rate (HIBOR)
- Hypothecation
- IFSB
- Impaired Credit
- In-House Financing
- Inactivity Fee
- Income Property Mortgage
- Income-Sensitive Repayment
- Independent Community Bankers of America
- Indexed Rate
- Indirect Loan
- Industrial Bank
- Initial Interest Rate
- Installment Debt
- Instructing Bank
- Insufficient Funds
- Insured Financial Institution
- Interbank Call Money Market
- Interbank Deposits
- Interbank Market
- Interbank National Authorization System (INAS)
- Interbank Network for Electronic Transfer (INET)
- Interbank Rate
- Interchange Rate
- Interest Cost
- Interest Due
- Interest Rate Collar
- Interest Rate Gap
- Interest Sensitive Assets
- Interest Shortfall
- Interest-Only Adjustable-Rate Mortgage
- Interest-Only Mortgage
- Interestoninterest
- Interledger Protocol
- International Bank for Reconstruction and Development
- International Banking Facility
- International Finance Corporation
- Interstate Banking
- Investment Bank
- Iraqi Central Bank
- Irrevocable Letter of Credit
- Islamicbanking
- Issuer Identification Number (IIN)
- Johannesburg Interbank Average Rate (JIBAR)
- Joint Account
- Joint Credit
- Joint Endorsement
- Josef Ackermann
- Jumbo Loan
- Jumbocd
- Key Rate
- Kited
- Lagged Reserves
- Ledger Balance
- Legal Lending Limit
- Legal Rate of Interest
- Lender
- Letter of Guarantee
- Level Payment Mortgage
- Liar Loan
- Liberty Reserve
- LIBOR Curve
- LIBOR Flat
- Lifeline Account
- Limean
- Limited-Purpose Trust Company
- Linked Savings Account
- Linked Transfer Account
- Liquid Certificate of Deposit
- Liquidity Adjustment Facility
- Loan
- Loan Application Fee
- Loan Constant
- Loan Lock
- Loan Modification
- Loan Participation Note
- Loan Production Office
- Loan Servicing
- Loan Strip
- Lombardrate
- LVTS
- Macroprudential Analysis
- Magnetic Ink Character Recognition Line MICR
- Manufacturedpayment
- Margin Loan Availability
- Marginal Cost of Funds
- Market Discipline
- Mastercard Acquirer
- Maturity Gap
- Maximum Loan Amount
- Medallionsignatureguarantee
- Merchant Bank
- Merrilllynch
- MFI
- MIBOR
- Microfinance
- Middle Rate
- Military Bank
- Mini-Branch
- Minimum Balance
- Minimum Deposit
- Minimum Finance Charge
- Minimum Monthly Payment
- Mismatch
- Mobile Banking
- Mobile Wallet
- Monetary Policy Hawk
- Monetary Reserve
- Money Center Banks
- Money Order
- Moral Suasion
- Mortgage Accelerator
- Mortgage Application
- Mortgage Company
- Mortgage Forbearance Agreement
- Mortgage Interest
- Mortgage Originator
- Mortgage Pipeline
- Mortgage Rate
- Mortgage Rate Lock Deposit
- Mortgagebanker
- Mortgagebankersassociation
- Mortgageexcessservicing
- Mortgageindex
- Mpesa
- MSR
- Mtaindex
- Multi-Currency Note Facility
- Multilateral Development Bank (MDB)
- Multilateral Netting
- Mumbai Interbank Forward Offer Rate (MIFOR)
- Musawamah
- Musharakah
- Mutual Savings Bank
- National Bank
- Nbfcs
- NCD
- Near Field Communication (NFC)
- Near Money
- Negative Amortization
- Negative Gap
- Negative Interest Rate Policy (NIRP)
- Negativelyamortizingloan
- Net Charge-Off (NCO)
- Net Interest Cost (NIC)
- Net Interest Income
- Net Interest Rate Spread
- NIBCL
- Niche Banks
- Night Depository
- NINA
- NINJA Loan
- No Fee Mortgage
- Nodocmortgage
- Non Conforming
- Non Recoursefinance
- Non-Borrowed Reserves
- Non-Member Bank
- Non-Purpose Loan
- Non-Sufficient Funds
- Nonnotification Loan
- Nonpar Item
- Nonperforming Loan
- Nontraditionalmortgages
- Notice of Withdrawal
- NOW Account
- NSF
- OCC
- Office Comptroller Currency (OCC)
- Office of the Superintendent of Financial Institutions (OSFI)
- Offline Debit Card
- Offshore Banking Unit
- On Us Item
- One Bank Holding Company
- Open End Mortgage
- Open-End Credit
- Operation Twist
- Origination
- Origination Fee
- Originationpoints
- Other Real Estate Owned (OREO)
- OTS
- Over-Limit Fee
- Overdraft
- Overdraft Cap
- Overdraft Protection
- Overline
- Overnight Rate
- Participation Mortgage
- Passbook Loan
- Past Due
- Past-Due Balance Method
- Pay Yourself First
- Payable on Death (POD)
- Payable-Through-Draft (PTD)
- Paycollect
- Payee
- Payer
- Payment
- Payment Protection Plan
- PEFCO
- Peoples Bank China PBOC
- Per Diem Interest
- Per Diem Payments
- Periodic Interest Rate
- Personal Identification Number
- Piggy Back Mortgage
- Pledged Asset
- Pledging Requirement
- Points
- Pointtopoint Encryption P2Pe
- Pooled Cost of Funds
- Portfolio Lender
- Portfolio Sale
- Post Date
- Postdated
- PPIP
- Ppipla
- Pre-Provision Operating Profit (PPOP)
- Preapproval
- Prepaid Finance Charge
- Prepaidinterest
- Prepayment
- Previous Balance Method
- Primary Account Holder
- Primary Account Number (PAN)
- Primary Dealer
- Primary Reserves
- Prime
- Prime Borrower
- Private Label Credit
- Privatebanking
- Promotional CD Rate Bonus CD Rate
- Proof of Deposit Pod
- Proof of Funds
- Pujo Committee
- Purchase and Assumption (P&A)
- Purchase APR
- Purchase Rate
- QIB
- Qualified Mortgage
- RAROC
- Ratetrigger
- RBI
- Readvanceable Mortgage
- Reaging Debt
- Recourse
- Recurring Debt
- Rediscount
- Regional Check Processing Center
- Regulation CC
- Regulation DD
- Regulation E
- Regulation G (CRA Agreement Disclosure)
- Regulation H
- Regulation J
- Regulation K
- Regulation O
- Regulation Q
- Regulation R
- Regulation W
- Regulation Y
- Regulation Z
- Relationship Banking
- Relocation Mortgage
- Remittance Letter
- Remote Disbursement
- Renegotiated Loan
- Repayment
- Reperforming Loan
- Reprice
- Repricing Opportunity
- Requiredreserves
- Reservable Deposit
- Reserve Bank of Australia
- Reserve Bank of New Zealand
- Reserve Fund
- Reserve Tranche
- Reset Rate
- Residual Interest
- Resolution Trust Corporation
- Retail Credit Facility
- Retail Lender
- Reverse Mortgage Financial Assessment
- Reverse Mortgage Initial Principal Limit
- Reverse Mortgage Net Principal Limit
- Revolver
- Revolving Account
- Revolving Credit
- Revolving Loan Facility
- Rhsloan
- Ring Fence
- Ringfencing
- Risk Participation
- Risk-Based Deposit Insurance
- Rollover
- Rollover Credit
- Routing Transit Number
- RUF
- Rule of 78
- Run
- Safe Deposit Box
- Safekeeping Certificate
- Sales Draft
- SAMA Foreign Holdings
- Satisfaction of Mortgage
- Savings and Loan (S&L) Crisis
- SCAP
- Schedule 2 Bank
- Scheduleibank
- Schumer Box
- Secondary Mortgage Market
- Secondchanceloans
- Securities-Based Lending
- Selling Out of Trust
- Senior Bank Loan
- Senior Loan Officer Opinion Survey (SLOOS)
- SEPA
- Serious Delinquency
- Set-Off Clause
- Settlementagent
- Shadow
- Shadow Banking System
- Share Draft
- Share Draft Account
- Shared National Credit Program
- Short Refinance
- Sight Draft
- Signature Loan
- Silent Second Mortgage
- Simple-Interest Mortgage
- Singapore Interbank Offered Rate (SIBOR)
- Single Euro Payments Area (SEPA)
- Single Monthly Mortality
- Small Saver Certificate (SSC)
- Social Payment
- South African Reserve Bank (SARB)
- Special Drawing Rights (SDR)
- Split Payment
- Spot Loan
- Spreadlock
- Stanby Line of Credit
- Standby Note Issuance Facility (SNIF)
- Standing Loan
- State Administration of Foreign Exchange
- State Bank
- State Employees Credit Union (SECU)
- Stated Annual Interest Rate
- Static Gap
- Sterling Overnight Index Average (SONIA)
- Stibor
- STIR
- Stop Payment
- Straightthroughprocessing
- Structured Investment Vehicle (SIV)
- Subprime
- Subprime Borrower
- Subprime Market
- Subprime Mortgage
- Subprime Rates
- Subprimelender
- Subprimeloan
- Subsidiarybank
- Substitute Checks
- Super Regional Bank
- Superprime Credit
- Supervisory Capital Assessment Program (SCAP)
- Swap Network
- Swapbank
- Swiss National Bank
- Synthetic CDO
- Synthetic Letter of Credit
- System Open Market Account (SOMA)
- Systemically Important Financial Institution (SIFI)
- Take Out Commitment
- TALF
- Target Rate
- Tax Refund Anticipation Loan
- Teaser
- Teaser Loan
- Teaserrate
- Telegraphic Transfer
- Term Auction Facility
- Term Deposit
- Term Federal Funds
- Texas Ratio
- Thirdparty Mortgage Originator
- Thrift
- Thriftbank
- TIBOR
- Tier3Capital
- Tiered Rate Account
- Time Deposit
- Titleloan
- Total Finance Charge
- Toxic Assets
- Trade Line
- Trading Book
- Transaction Deposit
- Transactor
- Transfer of Mortgage
- Travelerscheck
- Treasury General Account
- Tri-Party Repo
- Trust Preferred Securities
- Trustcompany
- Twenty Eight Thirty Six Rule
- UMHA
- Uncollected Funds
- Underwriting Standards
- Unified Payment Interface (UPI)
- Universal Banking
- Universal Default
- Unsterilized Intervention
- Upstream Guarantee
- URDG
- Usance
- Usury Rate
- Utilization Fee
- Valoan
- Value Date
- Vantagescore
- Variable Rate Certificate of Deposit
- Voucher Check
- WALA
- Wall Street Journal Prime Rate
- Warehouse Financing
- Warehouse Lending
- Wet Loan
- Wholeloan
- Wholesale Money
- Wildcat Banking
- Withapprovedcredit
- Without Recourse
- Workout Agreement
- Workoutperiod
- Wrap Around Loan
- Wrongful Dishonor
- Yankeecd
- Yield Earning Assets
- Yield Maintenance
- Yield Spread Premium
- ZBA
- Zero Coupon CD
- Zero Coupon Mortgage
- Zero Floor Limit
- Zombie Bank
- 2 1 Buydown
- 3 2 1 Buydown
- 3-6-3 Rule
- 11th District Cost of Funds Index (COFI)
- 1913 Federal Reserve Act
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