LeoGlossary: BankGlossary

List of Banking Terms and Phrases

Investment Bank Glossary

List of Oldest Banks List of Top 10 Banks In France List of the Top 10 Banks In The UK

Account Account Agreement Account Balance Account History Account Holder Accrued Interest Acquiring Bank Active Account Adjustable Rate Mortgage (ARM) Adverse Action Adverse Action Notice Affidavit Alteration Amortization Annual Percentage Rate (APR) Annual Percentage Yield (APY) Application (Credit Appraisal (Home) Authorization Automated Bill Payment Automated Clearing House (ACH) Automated Teller Machine (ATM) Automatic Funds Transfer Automatic Payment Automatically Protected Available Balance Available Credit Availability Date Availability Policy Average Daily Balance

Balance Balance Transfer Bank Bank Custodian Bank Examination Bank of North America Bank Reserves Banking Day Bankrupt Bankruptcy Bank Statement Basis Point (BPS) Beneficiary Billing Cycle Billing Date Billing Error Bond (US Savings) Bounced Check Branch Bulge Bracket Bank Business Day

C

Cancelled Check Cash Cashier's Check Cease and Desist Letter Central Bank Central Bank Money Central Securities Depository (CSD) Certificate of Deposit (CD) Certified Check Certified Release Charge Off Check Check 21 Check Truncation Checking Account Chex Systems Chips Card (Smart Card) Clearing Clearing Fund Clearing House Clearing System Closed-End Credit Closed-End Loans Closing a Mortgage Loan Closing Costs Collateral Collected Funds Collective Investment Funds (CIFs) Collection Agency Collection Items Comaker Combined Balance Commercial Bank Commercial Bank Money Community Reinvestment Act (CRA) Compound Interest Consumer Credit Counseling Service Consumer Financial Protection Bureau (CFPB) Controlled Disbursement Accounts Conventional Fixed Rate Mortgage Cosigner Counterparty Counterparty Credit Risk (CCR) Counterparty Risk Credit Credit Application Credit Card Credit Card Agreement Credit Card Issuer Credit Disability Insurance Credit Institution Credit Life Insurance Credit Line Credit Limit Credit Repair Organization Credit Report Credit Reporting Agency Credit Risk Credit Score Credit Transfer Credit Union Creditor Cross Border Payment Cross Border Settlement Cross System Settlement

Custodian Cut Off Time

Debit Debit Card Debt Collector Debt Elimination Scheme Debt-to-Income Ratio (DTI) Debtor Default Deferred Payment Delinquency Demand Deposit Deposit Deposit Slip Depository Institution Derogatory Information Direct Deposit Direct Dispute Disclosure Draft Drawee Drawee Bank Drawer

E

Electronic Banking Electronic Check Conversion Electronic Funds Transfer Embezzlement Encoding Enforcement Action Equal Credit Opportunity Act (ECOA) Error Resolution Escheat Escrow Escrow Analysis Escrow Funds Estate Account Exception Hold

F

Fair and Accurate Credit Transactions Act of 2003 (FACT Act or FACTA) Fair Credit Reporting Act (FCRA) Fair Debt Collection Practices Act (FDCPA) Federal Deposit Insurance Corp (FDIC) Federal Reserve System (The Fed) FedNow FedWire Fiduciary Finance Charge Financial Institution Financial Regulatory Agency First Mortgage

Fixed Rate Loan Fixed-Rate Mortgage Float Flood Insurance Foreclosure Foreign Transaction Fees Forged Check Forgery Fraud Alert Freedom of Information Act (FOIA) Frozen Account Fund Furnisher

Garnishment Grace Period (Student Loan) Guaranteed Student Loan Guarantor

Hold Home Equity Line of Credit (HELOC) Home Equity Loan

I

Implied Volatility Inactive Account Index-Linked Certificate of Deposit Individual Account Individual Retirement Account (IRA) Insufficient Funds Insured Deposits Interbank Lending Market Interest Interest Rate Interest Rate Index Internal Settlement International Bank Account Number (IBAN)

Intermediary (Financial) International Banking Facilities (IBF)

Joint Account Joint Account Liability

Kiting Know-Your Customer (KYC)

Late Charge Legal Tender Lender Letter of Credit Leverage Ratio Lien Line of Credit Linked Account Loan Loan-to-Value Ratio (LTV) Loan Contract Loan Fee Loan Modification Provision Loan Proceeds Local Check Longer-Term Interest Rates

Magnetic Ink Character Recognition (MICR) Maturity Maturity Date Merchant Bank Minimum Balance Minimum Daily Balance Minimum Payment Missing Payment Money Demand Money Market Money Market Account Money Market Deposit Account Money Market Fund Money Multiplier Money Order Money Transmitter Mortgage Mortgagee Mortgagor

N

National Bank National Bank Examiner National Credit Union Administration (NCUA) National Flood Insurance Program (NFIP) Negative Interest Rates Negative Interest Rate Policy (NIRP) Negotiable Order of Withdrawal Account (NOW) Non-Bank ATM Nonrecourse Loan Not Automatically Protected

O

Office of the Comptroller of the Currency (OCC) Official Check Online Banking Open End Credit Operating Subsidiaries Outstanding Check Overdraft Overlimit Overnight Deposits

Passbook Past Due Item Payday Loans Payee Paying (Payor) Bank Payment Payment Due Date Payoff Payoff Statement Payor Periodic Rate Periodic Statement Personal identification number (PIN) Phishing PITI Point of Sale (PoS) Power of Attorney Preauthorized Payment Preferred Risk Policy (PRP) Prepayment Prepayment Clause Prepayment Penalty Previous Balance Principal Principal (debt service context) Private Mortgage Insurance (PMI)

Real Estate Settlement Procedures Act (RESPA) Reconciliation Redlining Refinancing Refund Regular Program Community Regulation D Regulation E Regulation Q Release of Lien Renewal Reserve Requirement Residual Interest Return Item Reverse Mortgage Revolving Credit Right of Offset Right of Rescission Routing Transit Numbers (RTN)

S

Safe Deposit Box Satisfaction of Mortgage Savings Account Service Charge Settlement Signature Card Simple Interest Soft Credit Check Stale Dated Check State Banking Department Statement Stop Payment Student Loan Substitute Check

T

Tenor (Financial) Terms Time Deposit Traveler's Check Trust Account Trust Administrator Truth In Lending Act (TILA)

Unbanked Uncollected Funds Underbanked Uniform Commercial Code (UCC) Uniform Gift to Minors Account USD US Treasuries Unsecured Loan Usury Usury Rate

Variable Interest Rate Vault Cash

Wire Transfer Withdrawal Write-Down Write-Off

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