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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

passbook

Banking; General banking

A book in ledger form in which are recorded all deposits, withdrawals, and earnings of a customer's savings account.

past due item

Banking; General banking

Any note or other time instrument of indebtedness that has not been paid on the due date.

payday loans

Banking; General banking

A small-dollar, short-term loan that a borrower promises to repay out of their next paycheck or deposit of funds.

payee

Banking; General banking

The person or organization to whom a check, draft, or note is made payable.

paying bank

Banking; General banking

A bank upon which a check is drawn and that pays a check or other draft.

payor bank

Banking; General banking

A bank upon which a check is drawn and that pays a check or other draft.

payment due date

Banking; General banking

The date on which a loan or installment payment is due. It is set by a financial institution. Any payment received after this date is considered late; fees and penalties can be ...