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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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Banking > General banking

National Flood Insurance Program (NFIP)
Banking; General banking

The program of flood insurance coverage and floodplain management administered under the Flood Disaster Protection Act (FDPA or Act) and applicable Federal regulations found in ...

negotiable order of withdrawal account (NOW)
Banking; General banking

A savings account from which withdrawals can be made by negotiable orders of withdrawal (functional equivalent of checks). This is an interest-bearing account for which the bank ...

not automatically protected
Banking; General banking

There are several types of Federal benefits that are not automatically protected under 31CFR 212: Federal benefits received by check rather than direct deposit; Federal benefits ...

official check
Banking; General banking

A check drawn on a bank and signed by an authorized bank official. (Also known as a cashier's check.)

right of offset
Banking; General banking

Banks' legal right to seize funds that a guarantor or debtor may have on deposit to cover a loan in default. It is also known as the right of set-off.

online 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 ...

open-end credit
Banking; General banking

A credit agreement (typically a credit card) that allows a customer to borrow against a preapproved credit line when purchasing goods and services. The borrower is only billed for ...

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