This page gathers the 155 dictionary entries belonging to the domain “Banking”, as labelled by Wiktionary. Each word leads to its full entry: definitions, etymology, pronunciation, examples. Page 1 of 2: from “accommodation bill” to “line of credit”.
- accommodation bill noun A bill of exchange endorsed by a reputable third party acting as a guarantor, as a favor and without compensation.
- account noun A bank account.
- allonge noun A slip of paper attached to a negotiable instrument to hold endorsements should the document itself be unable to hold any more.
- AP noun Initialism of automatic payment.
- ATM noun Initialism of automated teller machine or automatic teller machine.
- automated teller machine noun A device that provides bank customers with cash withdrawal and other services without the need for a human teller.
- bait money noun A set or roll of bills with known serial numbers that is used by a bank in order to aid the tracing of a bank robber.
- bank card noun A card issued by a bank, which may entitle the holder to a variety of services similar to that of a credit card or debit card, or allow…
- bank cheque noun A cheque which is payable by a bank itself, as opposed to an ordinary cheque payable only out of the funds of a particular customer's…
- banker's acceptance noun A negotiable instrument or time draft drawn on and accepted by a bank, that upon acceptance becomes an obligation of the bank and is a…
- banklike adj Resembling an institution where one can place and borrow money and take care of financial affairs.
- bar money noun A typee of money in the form of metal bars, specifically the rectangular stamped coins used in Ceylon and in the Dutch East Indies.
- black card noun An expensive and exclusive credit card that allows its users access to various luxuries.
- branch manager noun An executive who oversees a division or office of a large business or organization, operating locally or with a particular function.
- building society noun A type of financial institution which traditionally was based on lending money (as mortgages) to society members to purchase houses, from…
- bullet noun A large scheduled repayment of the principal of a loan; a balloon payment.
- call verb To demand repayment of a loan.
- card clash noun The situation where two or more contactless payment cards are simultaneously detected by a card reader, possibly resulting in the incorrect…
- cardholder noun An authorized user of a card that is used for financial transactions, etc.
- carte blanche noun A chargecard issued by Diners Club International.
- cash machine noun Synonym of automated teller machine.
- central bank noun The principal monetary authority of a polity or monetary union, which normally implements monetary objectives by controlling interest…
- certificate of deposit noun A time deposit offered by a bank or credit union, wherein the depositor commits a fixed sum of principal for a predetermined maturity…
- chargeback noun A reversal of an accounting entry, especially of a disputed credit card transaction.
- cheque card noun A small plastic card issued by a bank or similar which is a guarantee of payment of cheques written by the cardholder (up to a specified…
- chip and PIN noun A system for verifying that the bearer of a debit card or credit card is its owner by checking a PIN supplied by the bearer against a PIN…
- Christmas club noun A type of savings scheme in which a person pays in money through the course of a year and gets back a total at around Christmas time ready…
- clearance noun The settlement of transactions involving securities or means of payment such as checks by means of a clearing house.
- clearance time noun The amount of time required for a payment to be deposited to an account.
- clearing noun A process of exchanging transaction information and authorisation through a central institution or system to complete and settle those…
- closed currency noun A currency that is not freely available outside the country of origin and must be exchanged upon arrival.
- commodity money noun Any money whose value comes from a commodity of which it is made, consisting of objects having value or use in themselves as well as their…
- compound interest noun Interest, as on a loan or a bank account, that is calculated on the total on the principal plus accumulated unpaid interest.
- credit balance noun The amount of money in an account held by a financial institution.
- credit card noun A plastic card, usually with a magnetic strip or an embedded microchip, connected to a credit account and used to buy goods or services.
- credit facility noun A financial agreement under which a creditor agrees to make an amount of credit available to a borrower, which may be borrowed on demand (a…
- credit limit noun The maximum amount of credit that a financial institution or other lender will extend to a debtor for a particular line of credit.
- credit line noun Synonym of line of credit.
- credit money noun Monetary value which is created as a result of a future obligation or claim by the issuer of the credit.
- current account noun An account at a bank which is used for daily transactions.
- daylight overdraft noun A debit balance in the customer’s account that occurs in the course of the banking day and is expected to be repaid by a credit to the…
- deadbeat noun A customer who pays their credit card or loan balance in full and on time each month, thereby incurring no interest charges. (Compare…
- debank verb To deprive a person or organization of banking services, especially for political reasons.
- debit balance noun The amount of money owed to a particular creditor.
- debit card noun A card similar to a credit card, but which withdraws funds directly from the bank account, rather than borrowing the funds from the issuer…
- depegging noun The process where a nation or entity allows the value of its currency to fluctuate freely in the foreign exchange market, removing the…
- deposit noun Money placed in a bank account, as for safekeeping or to earn interest.
- deposit account noun A bank account maintained by a financial institution in which a customer can deposit and withdraw money.
- deposit receipt noun A document confirming the receipt of funds deposited into an account or as a partial payment for a transaction.
- deposit slip noun A form for a depositor to complete, designed to categorically document the items included in a deposit transaction.
- depositary receipt noun A financial instrument, issued by a bank, that may be traded as if it were a share in a foreign company.
- devolvement noun A process whereby if an investment issue is undersubscribed, an underwriter is required to subscribe to the remaining shares; the…
- direct bank noun A bank that provides its services exclusively through digital channels such as the Internet, mobile apps, email, etc.
- direct deposit noun A deposit of money straight from the source (and initiated by the source) into a bank account, by wire, or other means.
- disintermediation noun The removal of funds from a financial institution such as a bank for direct purchase of financial instruments.
- drawdown noun The process of a bank releasing previously agreed loan amount to the borrower, hence making it available for them to use.
- drawer noun One who writes a bank draft, check/cheque, or promissory note.
- drop noun An unsolicited credit card issue.
- due date noun The date of payment in financial arrangements.
- evergreen verb To set the repayment rate of a loan at or below the interest rate, so low that the principal will never be repaid.
- extension noun A written engagement on the part of a creditor, allowing a debtor further time to pay a debt.
- facility noun Clipping of credit facility.
- fiat money noun A type of currency that a government declares as legal tender, deriving its value from public trust and regulatory decree rather than any…
- finance charge noun Any fee representing the cost of credit, or the cost of borrowing, expressed as interest accrued on, and fees charged for, on some forms of…
- financial institution noun An institution, such as a bank, insurance company or fund, that provides financial services for its clients or members.
- float noun The total amount of checks/cheques or other drafts written against a bank account but not yet cleared and charged against the account.
- foreign currency noun Any currency that is in use in a foreign nation, and an authorized medium of circulation and the basis for record-keeping in that nation.
- fractional reserve banking noun A widespread banking system in which a bank that accepts deposits from the public puts the majority of those deposits into investments…
- frozen adj Of an account or assets, in a state such that transactions are not allowed.
- gold bank noun A financial institution or digital platform that allows users to store, save, or trade physical gold.
- gold bullion standard noun A monetary system under which the coinage and circulation of gold are usually prohibited, but the shipment of gold in international…
- gold card noun A premium credit card offered by some issuers that provides a range of benefits and financial services for favored customers.
- gold clause noun A provision in a financial contract or obligation that gives the creditor the right to require payment in gold or currency measured by the…
- gold currency noun Any form of money that is made of gold or directly backed by a fixed, redeemable amount of physical gold.
- gold exchange noun A marketplace where gold is traded, either physically (bars or coins), or through financial instruments (futures, ETFs, options).
- gold reserve noun The stock of gold in coin or bullion form, that is held by a government or a country's central bank, intended mainly as a guarantee to…
- gold sovereign noun A British gold coin with a nominal face value of one pound sterling, first minted in its current form in 1817.
- green card noun A chargecard launched by American Express in 1969.
- green pound noun The common name for an exchange rate that was used to calculate the value of financial support within the European Union's Common…
- green-backed adj Of paper money, printed with green ink on the back, particularly during the Civil War era.
- gun money noun An issue of coins, minted in base metal, made by the forces of James II during the Williamite War in Ireland.
- hard count noun The process of counting and verifying coins or tokens.
- hard inquiry noun An authorized retrieval of a consumer's complete credit report by a financial institution or creditor, conducted for the purposes of…
- impound verb To collect and hold (funds) for payment of property taxes and insurance on property in which one has a security interest.
- inside lag noun The amount of time it takes for the government or the central bank to respond to a shock in the economy.
- installment noun Any of a series of portions of a debt or sum of money, which portions may or may not be equal in amount (depending in part on whether the…
- installment loan noun A loan that is repaid over time with a set number of regularly scheduled payments, and may or may not include a balloon payment.
- investment bank noun A financial institution that deals with raising capital, trading in securities and managing corporate mergers and acquisitions.
- irrevocable letter of credit noun A written commitment issued by a bank to pay a specified amount of money to a beneficiary, provided that certain conditions are met.
- kite verb To write or present (a cheque) on an account with insufficient funds, either to defraud or expecting that funds will become available by…
- kited adj Of a cheque: made out on an account with insufficient funds, either to defraud or expecting that funds will become available by the time…
- kiter noun One who writes a check while there are insufficient funds in the account, hoping it will be able to clear by the time it is cashed.
- kiting noun The act of writing a check on an account with insufficient funds, expecting that funds will become available by the time the check clears.
- knife money noun Large knife-shaped money made from cast bronze, used in China between 600 and 200 B.C. during the Zhou dynasty.
- lawful money noun Any type of money that is permitted to be circulated as a medium of exchange as directed by the laws of a nation.
- legal interest noun The amount of interest that is allowed or required to be charged by law; an interest rate determined by law.
- lendability noun Money available to be lent.
- letter of credit noun A document, used primarily in trade finance and issued generally by a financial institution, in which the institution promises to pay debts…
- letter of guarantee noun A document issued by a bank that ensures a beneficiary is paid if a bank customer defaults on a payment or obligation.
- line of credit noun A credit facility under which a bank or other lender agrees to provide a client with loans of money up to an approved limit during a…