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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

insurance (hazard)

Banking; General banking

Insurance to protect the homeowner and the lender against physical damage to a property from sources such as but not limited to fire, wind, or vandalism.

insured deposits

Banking; General banking

Deposits held in financial institutions that are guaranteed by the Federal Deposit Insurance Corporation (FDIC) against loss due to bank failure.

interest

Banking; General banking

The term interest is used to describe the cost of using money, a right, share, or title in property.

interest rate

Banking; General banking

The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as ...

interest rate index

Banking; General banking

IA table of yields or interest rates being paid on debt that is used to determine interest-rate changes for adjustable-rate mortgages and other variable-rate loans.

joint account

Banking; General banking

An account owned by two or more persons. Either party can conduct transactions separately or together as set forth in the deposit account contract.

kiting

Banking; General banking

Writing a check in an amount that will overdraw the account but making up the deficiency by depositing another check on another bank. For example, mailing a check for the mortgage ...