General banking

General banking

Banking related terms and phrases in general.

Industry: Banking

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General banking

certificate of release

Banking; General banking

A certificate signed by a lender indicating that a mortgage has been fully paid and all debts satisfied.

A personal check drawn by an individual that is certified (guaranteed) to be good. The face of the check bears the words "certified" or "accepted," and is signed by an official of the bank or thrift ...

direct dispute

Banking; General banking

A dispute submitted directly to the furnisher about the accuracy of information in your consumer report that relates to an account or other relationship you have with the furnisher.

disclosures

Banking; General banking

Certain information that Federal and State laws require creditors to give to borrowers relative to the terms of the credit extended.

draft

Banking; General banking

A signed, written order by which one party (the drawer) instructs another party (the drawee) to pay a specified sum to a third party (the payee), at sight or at a specific date. Typical bank drafts ...