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

Truth in Lending Act (TILA)

Banking; General banking

The Truth in Lending Act is a Federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide ...

uncollected funds

Banking; General banking

A portion of a deposit balance that has not yet been collected by the depository bank.

uniform commercial code (UCC)

Banking; General banking

A set of statutes enacted by the various States to provide consistency among the States' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and ...

uniform gift to minors account

Banking; General banking

A UGMA provides a child under the age of 18 (a minor) with a way to own investments. The money is in the minor's name, but the custodian (usually the parent) has the ...