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    Dictionary of Banking Terms
    Dictionary of Banking Terms
    Dictionary of Banking Terms
    Ebook77 pages40 minutes

    Dictionary of Banking Terms

    By Students' Academy

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    About this ebook

    All terms have been appropriately defined and suitable examples have been provided.

    All the Best

    Marie Publications

    LanguageEnglish
    PublisherRaja Sharma
    Release dateAug 10, 2011
    ISBN9781466188426
    Dictionary of Banking Terms
    Author

    Students' Academy

    Easy study guides for the students of English literature.

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    Dictionary of Banking Terms - Students' Academy

    Dictionary of Banking Terms

    By Students’ Academy

    Copyright@2011Students’ Academy

    Smashwords Edition

    Chapter 1

    A

    AAA

    AAA is a specialized banking term which is used for rating a particular bond. The bond which has the highest rating provides the maximum returns at the time of maturity. Generally the grade AAA is given by a credit rating agency to the best debt obligation.

    ABA Transit Number

    American Bankers Association issues this number. This numeric coding is used among different banks at the clearing house.

    ABO

    The full form of ABO is Accumulated Benefit Obligation. It pertains to the pension plans.

    Absorption

    Absorption generally refers to the process of renting a real estate property that is newly built or is recently renovated.

    Absorption Time

    It refers to the time which is required to complete the process of Absorption.

    Abstract of Title

    It is a kind of written report which defines records and identifies the history and ownerships of a particular asset, usually a real estate.

    Acceleration

    Acceleration refers to the process where the lender demands the full payment of a debt or a loan, as per the clause given in the agreement.

    Acceleration Clause

    Acceleration Clause is a written clause in the debt document that gives power to the lender to demand the payment before the maturity of the period or date of maturity.

    Accelerated Depreciation

    Accelerated Depreciation refers to a method of depreciation of fixed assets, where the early deductions are greater in monetary terms and later ones are smaller.

    Acceptance

    Acceptance is a banker’s signed document. When this document is written, all conditions are accepted, agreed to, and signed.

    Accepting House

    An accepting house refers to a specialized banking organization in the service of acceptance and guarantee of bills of exchange. This organization performs two main functions: 1. It facilitates the different negotiable instruments.2. It covers Merchant banking.

    Accepting Party

    Accepting Party refers to an individual, an organization, or a group that accept the terms and conditions of a proposed agreement or contract put forth by another party.

    Account

    In banking and financing terms, an account is a record of all financial transactions that are related to an asset, individual, transaction or any organization. Account is denoted by the A/c. Account can also be defined as a transaction between a buyer and a seller about payments and dues which develop creditor-debtor relations.

    Account Aggregation

    Account Aggregation is an online facility which is nowadays provided by some banks or financial institutions. This online (banking through internet) facility enables a person to handle and operate all the transactions related to the bank account, credit facilities, debts and investments with the help of a single interface or account.

    Account Balance

    Account Balance refers to the total amount of money in a particular bank account.

    Account Reconciliation

    Account Reconciliation refers to a process which helps to verify the account balance, usually at the end of a week.

    Account Statement

    Account Statement is the written financial record of an individual or a company,

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