Over 160 Banking Terms Most Of Which You May Not Know

284

We have compiled over 160 banking terms for your knowledge. Please enjoy it

1. Account Maintenance Charges (AMC). SEE: Six Facts Everyone Should Know About AMC

2. Annual Interest Rate

3. Automatic Teller Machine (ATM). SEE: Many Functions Of ATM Some Of Which You Have Never Used Before

4. Account In Credit

5. Account In Debit

6. Account Mandate

7. Agency Banking. SEE: CBN Financial Inclusion Drive – Business Opportunity In Agency Banking

8. Authorizer

9. Auto Loan. SEE: Take Advantage Of Auto Loan/Car Finabce – Read These 7 Tips

10. Bank Draft. SEE: Without Looking Like A Novice, Here Are 6 Things You Need To Know About Bank Cheque

11. Bank Statement. SEE: In 10 Minutes How To Read Your Bank Statement

12. Bank Rates

13. Bank Balance

14. Bankruptcy

15. Bank Verification Number BVN. SEE: Examining CBN Directives To Banks On Enriched Use Of BVN In Banking Operations

16. Bills For Collection

17. Bank Alert

18. Bulk Teller

19. Bulk Room

20. Borrower. SEE: Bank Debtor Can Now Monitor Their Credit Exposure And Performance On The Go

21. Book Room

22. Bundle Count

23. Bad Debt

24. Bonds

25. Bi annual

26. Collateral

27. Credit

28. Credit limit. SEE: You Will Thank Us – 6 Tips About Credit Card

29. Credit transfer

30. Credit worthy

31. Credit Reports

32. Credit ratings

33. Cash Jam

34. Cash Withdrawal

35. Cash Deposit

36. Credit Appraisal Memo CAM

37. Commission

38. Cash backed

39. Cash Center

40. Creditor

41. CASA

42. Card holder

43. Call Account

44. Cashless Policy

45. Credit Card

46. Credit Report

47. Credit Portfolio

48. Cardless Withdrawal

49. Commercial Paper CP

50. Crossed Cheque

51. Cheque

52. Cloned Cheque. SEE: Dud Cheques – Meaning, Implications And CBN Efforts

53. Clearing Cheque

54. Discount

55. Drawer Attention Required DAR

56. Debit Card. SEE: Banks Stops Usage Of Naira Debit Cards Abroad What Options?

57. Depositor

58. Debit

59. Due Diligent

60. Debit Freeze

61. Direct Debit

62. Dividend Mandate

63. Debt Service Ratio

64. Domiciliary Account

65. Electronic Fund transfer

66. Equity

67. Exchange Rate. SEE: Trends In Major Economic Indices In 2016

68. Export Finance. SEE: How To Benefit From The CBN N500 Billion Non Oil Export Stimulation Fund 

69. Fund Transfer

70. Flat Rate

71. Fixed Deposit

72. Form M

73. Foreign Draft

74. Guarantee. SEE:  Guaranteeing A Loan? What You Should Know First 

75. Iban Number

76. Initiator

77. Interest

78. Insolvent

79. Investment

80. Interest Rates

81. Internet Banking. SEE: Guide Against Banking Online Transaction Fraud 

82. Interbank Rates

83. Interbank Transfer

84. Inbound Transfer

85. Irregular Signature

86. Know Your Customer KYC. SEE: CBN Financial Inclusion Drive – The Tierd K YC Strategy

87. Know Your Customers Business KYCB

88. Letter Of Reference

89. Letter Of Credit

90. Letter Of Comfort

91. Lender Of Last Resort

92. Lending Rate

93. Legal Mortgage

94. Loans. SEE: Secured Vs Unsecured Loans, What You Must Know

95. Loan To Deposit Ratio

96. Loan Repayment

97. Loan Limits

98. Long Term Loan. SEE: Term Loan, The What, Why And When? 

99. Lien

100. Mobile Banking. SEE: Three Best Things About Mobile Banking You Need To Know

101. Mobile Money

102. Monthly Interest

103. Mortgage. SEE: Not Thinking About Mortgage? Here Are 6 Facts To Ponder

104. Money Market Rate

105. NXP Form

106. Non Interest Banking. SEE: what Is Meant By Riba

107. Nuban Number

108. Not On Us Transaction

109. Online Banking

110. Overdrawn

111. One Time Password OTP

112. Open Cheque. SEE: Cheques, Meaning, Terms , Parties And Its Continous Relevance

113. On Us Transaction

114. Overdraft. SEE: Bank Overdraft – The What, Why And When

115. Outbound Transfer

116. Parallel Market Rate

117. Premature Termination

118. Post No Debit

119. Per annum

120. PAAR

121. Payment Against Uncleared Effect PAUE

122. Personal Loan. SEE: Top 9 Reason Why You Should Take Personal Loan

123. Perfection Of Security

124. Pool Rate

125. Pre Shipment Assessment

126. Post Shipment Assessment

127. Point Of Sales Terminal POS

128. Prime Lending Rate

129. Proof Of Signature

130. Prepaid Card

131. Quarterly

132. Returned Cheque

133. Reserve Ratio

134. Safe custody

135. Syndicated Loan

136. Saver. SEE: Why A New Saver Should Start With Bank Savings Deposit

137. Standing Order

138. Statement Of Account

139. Savings Account. SEE: Saving Vs Current Account What Should Guide Your Choice

140. Secured

141. Saving Ratio

142. Short Term Loan

143. Safe Deposit Box

144. Sort Code

145. Swift Code

146. Signature Mandate

147. Statement

148. Stress Text

149. Sub Prime

150. Vault

151. Treasury Bill. SEE: Explaining Treasury Bills As CBN Set To Raise N169.25 Billion In TBills This Week

152. Treasury Single Account

153. Telebanking

154. Teller

155. Tripartite Legal Mortgage TLM

156. Unsecured Loan

157. Unauthorized Debit

158. USSD Banking. SEE: The A – Z Of USSD Banking159. Verification

160. Vault
161. Withheld

Comments are closed.

%d bloggers like this: