Banking

Banking

The business of a banker, banking involves an establishment for the loaning, holding, exchanging, or issuing of money. Also deals with the transmission of funds and the extensions of credit.

11Categories 38442Terms

Add a new term

Contributors in Banking

Become a Contributors

Banking > Merchant banking

merchant bank

Banking; Merchant banking

A merchant bank is a financial institution which provides capital to companies in the form of share ownership instead of loans. A merchant bank also provides advisory on corporate ...

interest-bearing checking account

Banking; Merchant banking

An interest bearing checking account is a checking account that generates interest income on the available balance in the account.

merchant service agreement

Banking; Merchant banking

A Merchant Service Agreement (MSA) is agreed between the bank and the merchant and include agreed pricing, how cards will be accepted and which card types can be accepted.

wholesale banking

Banking; Merchant banking

Wholesale finance means financial services, which are conducted between financial services companies and institutions such as banks, insurers, fund managers, and stockbrokers.

accrued interest

Banking; Merchant banking

The interest which has been accrued or accumulated on a loan, bond or other security on a daily basis between two interest payment dates.

Retail Banking

Banking; Merchant banking

Retail banking is when a bank executes transactions directly with consumers, rather than corporations or other banks. Services offered include savings and transactional accounts, ...