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General words relating to banking - synonyms or related words

APR

noun

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

noun

the amount of money you have in your bank account

bank

noun

belonging to or connected with a bank

bank book

noun

a small book in which the money you put into or take out of your bank account is recorded

bank draft

noun

an order to pay someone that is sent from one bank to another bank, usually in a different country

banking

noun

the work done by banks and other financial institutions

banking

noun

the activity of paying money into or taking money out of a bank account

bank rate

noun

the rate of interest that banks use to calculate how much interest to charge on money they lend to each other instead of to their customers

bank statement

noun

a document that shows all the money that went into or out of your bank account during a particular period of time

BIPS

noun

bank Internet payment system: an electronic system for making payments by moving money directly into a bank account over the Internet

bond

noun

businessSouth African an agreement to borrow money to buy a house, or the money that you borrow; a mortgage

borrower

noun

someone who borrows money from a bank

cardholder

noun

someone who owns a credit card or debit card for buying things with

CD

noun

Certificate of Deposit: an arrangement in which you save a particular amount of money with a bank for a fixed amount of time for a fixed amount of interest

CHIPS

noun

clearinghouse interbank payment system: an electronic system for making international payments in dollars and for changing money from one currency to another

collateral

noun

property that you agree to give to a bank if you fail to pay back money that you have borrowed

commission

noun

an extra amount of money that you have to pay to a bank or other organization when they provide a service for you

credit

noun

an arrangement to receive goods from a store or money from a bank and pay for it later

credit

noun

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

noun

the maximum amount of money that a customer can borrow using a particular credit card account

credit line

noun

an amount of money that a person or company can borrow from a bank or other financial institution

credit rating

noun

financial information about someone that a bank or store uses for deciding whether to lend them money or to give them credit

debit

noun

an amount of money taken from a bank account

deposit

noun

an amount of money that you pay into a bank account

depositor

noun

someone who pays money into a bank

direct debit

noun

an order to a bank to regularly pay money from your account to a person or organization

direct deposit

noun

American an arrangement in which your salary is always put directly into your bank account

discount rate

noun

the rate of interest that The Federal Reserve charges another bank that borrows from it

draft

noun

British a bank draft

EFTPOS

noun

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

home banking

noun

online banking

interest

noun

business money that a person or institution such as a bank charges you for lending you money

interest

noun

money that you receive from an institution such as a bank when you keep money in an account there

interest rate

noun

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

noun

a system that allows you to use the Internet to communicate with your bank, check your account, pay bills, etc.

lending rate

noun

a percentage that a bank charges a customer who borrows money

Libor

noun

London Interbank Offered Rate: an interest rate at which banks can borrow from one another. It is set daily based on an average of the rates set by major banks around the world

money market

noun

business activities in which banks and other financial institutions make money by lending money to other organizations

mortgage

noun

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 depository

noun

American a metal container in the wall of a bank that you can put money into when the bank is closed

online banking

noun

a system that allows you to communicate with your bank on the Internet

overdraft

noun

the amount of money that someone owes their bank when they have spent more money than they had in their account

overdraft

noun

an amount your bank allows you to borrow when you have no money left in your account

overdrawn

adjective

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

noun

British a bank book

real-time authorization

noun

a system that can check whether a customer’s credit card is acceptable in a few seconds, so that an Internet store can process an order immediately

robosigning

noun

the practice, especially in financial institutions, of signing large numbers of documents without checking that they are accurate, or by people who do not have the necessary authority

safe-deposit box

noun

a small box that is usually kept in a bank, used for storing valuable possessions

safety deposit box

noun

mainly British a safe-deposit box

saver

noun

someone who regularly puts money in a bank or building society so that they can use it later

savings

noun

money that you have saved in a bank or invested so that you can use it later

savings ratio

noun

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

noun

British a number that is used, for example on checks, for recognizing the particular office of a bank where someone keeps their account

statement

noun

an official document that lists the amounts of money that have been put in or taken out of a bank account

stress test

noun

economics 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

noun

a room, often in a bank, for protecting money and other valuable things from being stolen or burned in a fire

sub-prime

adjective

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

noun

a way of doing business with a bank by using your telephone or computer

telephone banking

noun

banking services provided to customers by telephone

unsecured

adjective

business 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

noun

a strongly protected room in a bank where money, gold, etc. is kept

withdrawal

noun

the process of taking an amount of money out of your bank account, or the amount of money that you take out

merchant banking

noun

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

BuzzWord

moonbow

a rainbow produced when water droplets in the air reflect light from the moon rather than the sun

BuzzWord Article

Open Dictionary

platform capitalism

a way of doing business that involves recruiting large numbers of people who work for themselves using the company's platform, as used by companies such as Uber, Deliveroo and the like

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