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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

wire transfer

Banking; General banking

A transfer of funds from one point to another by wire or network such the Federal Reserve Wire Network (also known as FedWire).

operating subsidiary

Banking; General banking

National banks conduct some of their banking activities through companies called operating subsidiaries. These subsidiaries are companies that are owned or controlled by a ...

outstanding check

Banking; General banking

A check written by a depositor that has not yet been presented for payment to or paid by the depositor's bank.

overdraft

Banking; General banking

When the amount of money withdrawn from a bank account is greater than the amount actually available in the account, the excess is known as an overdraft, and the account is said ...

overdraw

Banking; General banking

To write a check for an amount that exceeds the amount on deposit in the account.

overlimit

Banking; General banking

An open-end credit account in which the assigned dollar limit has been exceeded.

participating community

Banking; General banking

A community for which the Federal Emergency Management Agency (FEMA) has authorized the sale of flood insurance under the National Flood Insurance Program (NFIP).