>a/c = account. >APR =annual percentage rate: the percentage that a bank makes you pay in interest when you borrow money from it, calculated over a period of one year. >balance =the amount of money you have in your bank account. >bank=belonging to or connected with a bank >bank balance=the amount of money that you have in your bank account >bank draft =an order to pay someone that is sent from one bank to another bank, usually in a different country >banker’s draft =a bank draft >banker’s order =a standing order 1 >banking=the work done by banks and other financial institutions >banking =the activity of paying money into or taking money out of a bank account >bank rate =the rate of interest that banks use to calculate how much interest to charge on money they lend to each other rather than to their customers >bank statement=a document that shows all the money that went into or out of your bank account during a particular period of time >base rate=the rate of interest that banks use to calculate how much interest to charge on money they lend to their customers >BIPS=bank Internet payment system: an electronic system for making payments by moving money directly into a bank account over the Internet >borrower=someone who borrows money from a bank >cardholder=someone who owns a credit card or debit card for buying things with >cashback=money from your bank account that you can get from a shop when you pay for goods with a debit card >CHIPS=clearing house interbank payment system: an electronic system for making international payments in dollars and for changing money from one currency to another >collateral=property that you agree to give to a bank if you fail to pay back money that you have borrowed >commission=an extra amount of money that you have to pay to a bank or other organization when they provide a service for you >credit=an arrangement to receive goods from a shop or money from a bank and pay for it later >credit=an amount of money that you add to an account. An amount of money that you take out of an account is a debit >credit limit=the maximum amount of money that a customer can borrow using a particular credit card account >credit rating=financial information about someone that a bank or shop uses for deciding whether to lend them money or to give them credit >credit transfer=a payment made directly from one bank account to another >debit=an amount of money taken from a bank account >deposit=an amount of money that you pay into a bank account >depositor=someone who pays money into a bank >direct debit=an order to a bank to regularly pay money from your account to a person or organization >direct deposit=an arrangement in which your salary is always put directly into your bank account >discount rate=the rate of interest that a central bank charges another bank that borrows from it >draft=a bank draft >EFTPOS=electronic funds transfer at point of sale: a system of paying for goods by moving money by computer from the customer’s bank account to the account of the company or person they have bought from >interest=money that a person or institution such as a bank charges you for lending you money >interest=money that you receive from an institution such as a bank when you keep money in an account there >interest rate=the percentage that an institution such as a bank charges or pays you in interest when you borrow money from it or keep money in an account >Internet banking=a system that allows you to use the Internet to communicate with your bank, check your account, pay bills etc >lending rate=a percentage that a bank charges a customer who borrows money >Libor=London Interbank Offered Rate: a measurement of the average rate that a group of important London banks charge to lend money to each other for short periods of time >money market=business activities in which banks and other financial institutions make money by lending money to other organizations >mortgage=a legal agreement in which you borrow money from a bank in order to buy a house. You pay back your mortgage by making monthly payments >night safe=a metal container in the wall of a bank that you can put money into when the bank is closed >online banking=a system that allows you to communicate with your bank on the Internet >overdraft=an agreement with your bank that allows you to spend money when you have no money left in your account >overdraft=the amount of money that someone owes their bank because they have used this agreement >overdrawn=if you are overdrawn, or if your bank account is overdrawn, you owe your bank money that you have spent when there was no money in your account >passbook=a small book showing the amounts of money that you put into and take out of your account in a building society >paying-in slip=a piece of paper on which you write information when you put money into a bank account >real-time authorization=a system that can check whether a customer’s credit card is acceptable in a few seconds, so that an Internet shop can process an order immediately >safe-deposit box=a safety deposit box >safety deposit box=a small box that is usually kept in a bank, used for storing valuable possessions >saver=someone who regularly puts money in a bank or building society so that they can use it later >savings=money that you have saved in a bank or invested so that you can use it later >savings ratio=a measurement of how much money people in a country are saving, which compares the amount of money they have available to spend with the amount of money they do spend >sort code=a number that is used, for example on cheques, for recognizing the particular office of a bank where someone keeps their account >standing order=an instruction that you give a bank to take a particular amount of money out of your account on a particular day, usually each month, to pay a person or organization for you. A direct debit is a similar arrangement, except that the amount can change and is decided by the person who you are paying. >statement=an official document that lists the amounts of money that have been put in or taken out of a bank account >stress test=a test used to find out if a bank or other financial institution is likely to fail or have serious problems in a difficult economic situation >strongroom=a room, often in a bank, for protecting money and other valuable things from being stolen or burned in a fire >sub-prime=used to describe lending at a higher than usual rate of interest because it involves borrowers who are less likely to be able to pay back their loan >telebanking=a way of doing business with a bank by using your telephone or computer >telephone banking=banking services provided to customers by telephone >unsecured=an unsecured loan is money that a bank lends someone without making them promise to give property to the bank if they cannot pay the money back >vault=a strongly protected room in a bank where money, gold etc is kept >withdrawal =the process of taking an amount of money out of your bank account, or the amount of money that you take out merchant banking. >a run on something=a time when a lot of people take their money out of a bank at the same time >in credit=to have more money in an account than the amount that you have taken out >in the black=with money in your bank account, or with more money than you owe
Posted on: Sun, 04 Aug 2013 11:18:38 +0000
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