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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.

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Contributors in Banking

Banking > General banking

bank statement

Banking; General banking

Periodically the bank provides a statement of a customer's deposit account. It shows all deposits made, all checks paid, and other debits posted during the period (usually one ...

banking day

Banking; General banking

A business day during which an office of a bank is open to the public for substantially all of its banking functions.

bankrupt

Banking; General banking

A bankrupt person, firm, or corporation has insufficient assets to cover their debts. The debtor seeks relief through a court proceeding to work out a payment schedule or erase ...

bankruptcy

Banking; General banking

The legal proceedings by which the affairs of a bankrupt person are turned over to a trustee or receiver for administration under the bankruptcy laws. There are two types of ...

beneficiary

Banking; General banking

A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract.

billing cycle

Banking; General banking

The time interval between the dates on which regular periodic statements are issued.

billing date

Banking; General banking

The month, date, and year when a periodic or monthly statement is generated. Calculations have been performed for appropriate finance charges, minimum payment due, and new ...