What are the banking abbreviations?

What are the banking abbreviations?

A Guide to Banking Acronyms and Abbreviations

  • ACH: Automated Clearing House.
  • APR: Annual Percentage Rate.
  • APY: Annual Percentage Yield.
  • ATM: Automated Teller Machine.
  • CD: Certificate of Deposit.
  • FDIC: Federal Deposit Insurance Corporation.
  • IRA: Individual Retirement Account.
  • NCUA: National Credit Union Administration.

What are the words associated with banking?

General words relating to banking – thesaurus

  • a/c. abbreviation. account.
  • APR. noun.
  • a run on something. phrase.
  • balance. noun.
  • bank. noun.
  • bank balance. noun.
  • bank draft. noun.
  • banker’s draft. noun.

What is the acronym for finance?

You might abbreviate the word financial to finance. or fin. on an inter-office document or memo, or on departmental lists in the accounting and banking sectors.

What does N mean in banking?

No account
No account = n/a.

What is the abbreviation of SBI PO?

State Bank of India Probationary Officer
SBI PO Stands for “State Bank of India Probationary Officer”.

What is SGL and BR in banking?

All the transactions put through by a bank, either on outright basis or ready forward basis and whether through the mechanism of Subsidiary General Ledger (SGL) Account or Bank Receipt (BR), should be reflected on the same day in its investment account and, accordingly, for SLR purpose wherever applicable.

What are 4 types of bank accounts?

Here is a list of some of the types of bank accounts in India.

  • Current account. A current account is a deposit account for traders, business owners, and entrepreneurs, who need to make and receive payments more often than others.
  • Savings account.
  • Salary account.
  • Fixed deposit account.
  • Recurring deposit account.
  • NRI accounts.

What is money in the bank called?

What Are Bank Deposits? Bank deposits consist of money placed into banking institutions for safekeeping. These deposits are made to deposit accounts such as savings accounts, checking accounts, and money market accounts.

What is the abbreviation of accounting?

Abbreviations Used in Accounting Materials

Abbreviation Description
ACCT. Accounting
ACT Activity
ADD’L Additional
ADJ Adjustment

What does FOB stand for in banking?

Free On Board (FOB) Definition. Economics. Corporate Finance.

What does MSB stand for in banking?

Money Services Business
The term “money services business” includes any person doing business, whether or not on a regular basis or as an organized business concern, in one or more of the following capacities: (1) Currency dealer or exchanger. (2) Check casher.

What is banking terminology?

Banking Terms. Funds are transferred from their line of credit or other designated account to their checking account as needed. Personal Identification Number (PIN) or Personal Access Number (PAN) – A secret number or code used by the account holder to authorize a transaction or obtain information regarding his or her account.

What is the acronym for accounting?

According to Purdue University , the abbreviation for the word “accounting” is “ACCT.”. Sometimes all capital letters are used, but punctuation is always included. The accounting field uses several abbreviations for terms common to the profession.

What is banking Dictionary?

banking – engaging in the business of keeping money for savings and checking accounts or for exchange or for issuing loans and credit etc. 2. banking – transacting business with a bank; depositing or withdrawing funds or requesting a loan etc.

What is financial dictionary?

Financial Dictionary. The General Finance category explains what borrower and lender is, and defines frequently used financial words. The Loans section of our financial dictionary, defines what is a loan, and describes various types of loans. Even though a mortgage is just another type of loan,…

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