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.

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Banking > General banking

drawer

Banking; General banking

The person who writes a check or draft instructing the drawee to pay someone else.

electronic banking

Banking; General banking

A service that allows an account holder to obtain account information and manage certain banking transactions through a personal computer via the financial institution's Web site ...

electronic check conversion

Banking; General banking

Electronic check conversion is a process in which your check is used as a source of information-for the check number, your account number, and the number that identifies your ...

electronic funds transfer (EFT)

Banking; General banking

The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire ...

embezzlement

Banking; General banking

In most States, embezzlement is defined as theft/larceny of assets (money or property) by a person in a position of trust or responsibility over those assets. Embezzlement ...

encoding

Banking; General banking

The process used to imprint or inscribe MICR characters on checks, deposits, and other financial instruments. (Magnetic Ink Character Recognition (MICR) is a character-recognition ...