General banking

General banking

Banking related terms and phrases in general.

Industry: Banking

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General banking

student loan

Banking; General banking

Loans made, insured, or guaranteed under any program authorized by the Higher Education Act. Loan funds are used by the borrower for education purposes.

A substitute check is a paper copy of the front and back of the original check. A substitute check is slightly larger than a standard personal check so that it can contain a picture of your original ...

terms

Banking; General banking

The period of time and the interest rate arranged between creditor and debtor to repay a loan.

time certificate of deposit

Banking; General banking

A time deposit evidenced by a negotiable or nonnegotiable instrument specifying an amount and maturity.

time deposit

Banking; General banking

A time deposit (also known as a term deposit) is a money deposit at a bank that cannot be withdrawn for a certain "term" or period of time. When the term is over it can be withdrawn, or it can be ...