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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

variable interest rate

Banking; General banking

An interest rate on a loan or security that fluctuates over time, because it is based on an underlying benchmark interest rate or index that changes periodically.

vendor

Banking; General banking

The party in the supply chain that makes goods and services available to companies or consumers. 

waive

Banking; General banking

To give up a right, to say that payment is not necessary.

withdraw

Banking; General banking

To take money out of an account.

withdrawal

Banking; General banking

Removing funds from an account, plan, pension or trust. 

Fair Credit Reporting Act (FCRA)

Banking; General banking

Consumer protection legislation enacted in 1968 as part of the Consumer Credit Protection Act to ensure that the banking system in the United States would have a reliable credit ...

fair value

Banking; General banking

An accounting term defined by FASB. The amount at which an asset could be bought or sold in a current transaction between willing parties, that is, other than in a forced or ...