General banking

General banking

Banking related terms and phrases in general.

Contributors in General banking

General banking

A charge that appears on a periodic statement associated with an extension of credit (e.g., credit card) that * was not authorized by the cardholder or the cardholders' designee, * is not properly ...

U.S. savings bond

Banking; General banking

Savings bonds are issued in face value denominations by the U.S. Government in denominations ranging from $50 to $10,000. They are typically long-term, low-risk investment tools.

business day

Banking; General banking

Any day on which offices of a bank are open to the public for carrying on substantially all of the bank's business.

canceled check

Banking; General banking

A check that a bank has paid, charged to the account holder's account, and then endorsed. Once canceled, a check is no longer negotiable.

cashier's check

Banking; General banking

A check drawn on the funds of the bank, not against the funds in a depositor's account. However, the depositor paid for the cashier's check with funds from their account. The primary benefit of a ...