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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

credit application

Banking; General banking

A form to be completed by an applicant for a credit account, giving sufficient details (residence, employment, income, and existing debt) to allow the seller to establish the ...

credit bureau

Banking; General banking

An agency that collects individual credit information and sells it for a fee to creditors so they can make a decision on granting loans. Typical clients include banks, mortgage ...

credit card account agreement

Banking; General banking

A written agreement that explains the terms and conditions of the account, credit usage and payment by the cardholder, and duties and responsibilities of the card issuer.

credit card issuer

Banking; General banking

Any financial institution that issues bank cards to those who apply for them.

credit disability insurance

Banking; General banking

A type of insurance, also known as accident and health insurance, that makes payments on the loan if you become ill or injured and cannot work.

credit life insurance

Banking; General banking

A type of life insurance that helps repay a loan if you should die before the loan is fully repaid. This is optional coverage.

credit limit

Banking; General banking

The maximum amount of credit that is available on a credit card or other line of credit account.