Home > Industry/Domain > 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.

11Categories 38442Terms

Add a new term

Contributors in Banking

Banking > General banking

credit repair organization

Banking; General banking

A person or organization that sells, provides, performs, or assists in improving a consumer's credit record, credit history or credit rating (or says that that they will do so) in ...

credit report

Banking; General banking

A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness.

credit score

Banking; General banking

A number, roughly between 300 and 800, that measures an individual's credit worthiness. The most well-known type of credit score is the FICO® score. This score represents the ...

cut-off time

Banking; General banking

A time of day established by a bank for receipt of deposits. After the cut-off time, deposits are considered received on the next banking day.

debit

Banking; General banking

A debit may be an account entry representing money you owe a lender or money that has been taken from your deposit account.

debit card

Banking; General banking

A debit card allows the account owner to access their funds electronically. Debit cards may be used to obtain cash from automated teller machines or purchase goods or services ...

debt collector

Banking; General banking

Any person who regularly collects debts owed to others.