banking products

Cards (26)

  • cheque is a document that orders the bank to pay the amount specified to the recipient's account
  • cash dispenser is machine in or outside a bank or other building from which you can get money from your bank account
  • current account is the exchange of goods and services is recorded for the current period
  • Investment advice is any recommendation or guidance that attempts to educate, inform, or guide an investor.
  • overdraft is an agreement that allows you to keep making payments even when there is no money in the business bank account
  • A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money.
  • A loan is a sum of money that one or more individuals or companies borrow from banks or other financial institutions so as to financially manage planned or unplanned events.
  • A pension is a fixed retirement fund for an employee paid as a regular income at regular intervals during his post-retirement years
  • A mortgage is an agreement between you and a lender that gives the lender the right to take your property if you fail to repay the money you've borrowed
  • A standing order is an automated payment method set up by a customer through their bank. 
  • A liability is something a person or company owes, usually a sum of money
  • A transfer is the movement of assets, funds, or ownership rights from one place to another
  • A person who is making a deposit with the bank is called a depositor
  • Liquidity refers to the company's ability to pay off its short-term liabilities 
  • the spread refers to the difference or gap that exists between two prices, rates, or yields.
  • Wages are compensation paid to an employee in exchange for their time and labor
  • optimize - to improve efficiency and reduce cost, to make something as good as possible
  • fluctuations are increases and decreases in economic activity
  • plummet - to go down in amount or value very quickly and suddenly
  • halve - to go down to half of a previous amount
  • debit card - a card allowing the holder to transfer money electronically from their bank account when making a purchase.
  • direct debit - an arrangement made with a bank that allows a third party to transfer money from a person's account on agreed dates, typically in order to pay bills.
  • money order - a printed order for payment of a specified sum
  • Equity stake -  the amount of ownership of a company owned by a person, organization or group of owners
  • Stock Market - It is a place where shares of pubic listed companies are traded.
  • annual turnover is the complete sum of sales made by a business in a year