General banking

General banking

Banking related terms and phrases in general.

Contributors in General banking

General banking

The Truth in Lending Act is a Federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on * what ...

uncollected funds

Banking; General banking

A portion of a deposit balance that has not yet been collected by the depository bank.

uniform commercial code (UCC)

Banking; General banking

A set of statutes enacted by the various States to provide consistency among the States' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and ...

uniform gift to minors account

Banking; General banking

A UGMA provides a child under the age of 18 (a minor) with a way to own investments. The money is in the minor's name, but the custodian (usually the parent) has the responsibility to handle the ...