Account Sales – agent’s statement of sales made. Awkward – difficult, inconvenient. banking terms for interview with answers, indian banking terminology pdf, banking terms pdf, basic banking terms and definitions pdf, banking terminology in india, banking terminology in hindi, banking terms pdf 2016, glossary of banking terms, banking terms for interview pdf, basic banking terms and definitions pdf, banking terms pdf in hindi, banking terms pdf 2016, bank related general knowledge pdf, banking terms pdf 2017, banking dictionary pdf free download. Missing – what is not there but should be. Deposit account – Surplus funds from the current account are held in this, and receive interest. Bulk – the goods delivered in a sale by sample. Cope with – manage, but always with some difficulty. Letter to an Old Customer from whom No Order has been received for a Considerable Time. This banking terminology pdf will help a lot to acquire basic banking knowledge and can act like a basic banking terminology dictionary. These terms are useful from exam point of view. Texture – structure of material, thickness, weave of fabric. Bill of Exchange – an order in writing from one person to a bank or to another person, to pay on -demand or at a given date, a certain sum to the person named in the bill. Trustee – Person appointed to protect the interests and property of a person unable to do so for himself. Complete List of Banking Terms with Definitions For Bank Exams To take over – an offer to take over the business of the company concerned; it may be amalgamation or absorption. Banking Terms: Banking Definitions: Value At Risk (VAR) The sum or portion of the value that is at stake of subject to loss from a variation in prevalent interest rates. It is the rate of interest charged by a central bank to commercial banks on the advances and the loans it extends. However, since banking is a significant part of our business and personal life, it is useful for consumers to learn some common banking terms. Executor – Person appointed to carry out the wishes of another person deceased. Banker’s of draft – A draft or cheque drawn by one bank on another. When an account has insufficient funds the cheque is not payable and is returned by the bank with a reason “Exceeds arrangement” or “funds insufficient”. Repo Rate. However, since banking is a significant part of our business and personal life, it is useful for consumers to learn some common banking terms. Overdraft – A debit balance on a bank customer’s current account. Having launched it originally in 2004 we have now updated it with modern terminology to meet with the increasing demand for the book. It is an account that can be opened generally for business purposes with no restrictions on withdrawals and no interest paid, © 2020 All rights reserved. Download the PDF to read banking awareness terms. Bill of Exchange – an order in writing from one person to a bank or to another person, to pay on -demand or at a given date, a certain sum to … A bill of Exchange is often referred to in a letter as “the draft”. Check up – see if everything is all right. Definitions of key terms and phrases used in commercial, retail and investment banking and bank regulation Market fluctuations – changes in price, demand etc. Current account – The account into which a client pays his trading receipts and on which he draws his cheques. It is written by an individual to transfer amount between two accounts of the same bank or a different bank and the money is withdrawn from the account. Here we are providing you, 66 important banking terms useful for upcoming bank exam interview in an easy way. Letter of credit – (L/C) An arrangement with a bank by means of which a buyer guarantees payment to a seller on fulfilment by the seller of certain agreed conditions. Trade papers – magazine, periodicals devoted to a certain trade. Line – the kind of business one deals in. Banker’s transfer – Transfer of money from the bank account of a debtor to the bank account of his creditor by order of the debtor. 1. They are machines that dispense cash, receive cash, accept cheques, and give balance details and mini statements to the customers through Computer network, It is the distribution of insurance products and the insurance policies of insurance companies by banks as corporate agents through their branches. ATM (Automatic Teller Machines): […] Made with by IBPSGuide, Clickhere to download the list of Important Banking Terminologies in PDF, Clickhere to download the list of Important Financial Terminologies in PDF, SSC CGL 2018 Practice Test Papers | Quantitative Aptitude (Day-8), RRB ALP 2018 Practice Test Papers | General Science (Day-11). Today I am providing basic Financial and Banking terms. Banking terms and concepts are many and can sometimes be difficult to figure out, even for the industry professionals. Holding – the shares are said to be “held” by the owner, who is a shareholder, or stockholder. Basic banking terms and definitions Saving as Basic Banking Terms and Definitions PDF: To save banking definitions glossary as a pdf file press ctrl+p and choose to save as pdf and give a name to the file. Account Sales – agent’s statement of sales made. It is account of nominal interest which can only be used for personal purpose and which has some restrictions on withdrawal. Finish – the completed surface of the article or material. Value Based Management (VBM) It is a structured approach to evaluate the performance of the company’s unit managers or goods and services, in terms of the aggregate gains they render to stockholders. Replacement – in the case of breakage or wrong delivery another consignment of the goods ordered is sent to take the place of the broken, damaged or wrongly delivered goods. Basic Financial and Banking Terms - Download PDF Facebook; Twitter; Telegram; Email; Whatsapp ; Published on Tuesday, April 18, 2017 By - Ramandeep Singh. Draft – This really means a document used to “draw” money from source, but sometimes it is used to refer to money itself. Interest – the charges or profit due for lending money. Sales drive – sales campaign; special effort. List of Important Banking Terms – Download in PDF Banking terms and concepts are many and can sometimes be difficult to figure out, even for the industry professionals. Terms is just one of the achievements of EBS’s partnership with NALA. One-hundredth of 1% point normally used for indicating cost of finance, It is a loan that is made for a very short period of a few days only with a low rate of interest. It is a general term used to describe the services provided by a group of networked bank branches. (adsbygoogle=window.adsbygoogle||[]).push({}); Copyright © 2020 MakeanEasy. Cheque – an order in writing from a person to his bank to pay on demand a certain sum to a named person. Society – Cultural, Charitable or such organizations. When RBI provides a loan to the bank for short-term between 1 to 90 days, RBI takes some interest from the bank which is termed as Repo … Die-stamping – this is used for addresses on private note paper; it is not printed but Embossed and usually coloured. Association – An organization that protects the interest of its members but does not trade. Banks charge a fee for this service from insurance companies. In a series of providing free study material for SBI PO exam. Save as “Banking Terminology PDF” or “Basic Banking Terms PDF”by saving in this name you can easily recognize the file later. All Rights Reserved. Here some banking terms are given and their definitions are also updated soon.The definitions of general banking terms for interview are very helpful to one who is preparing for bank exams and to answer the basic banking interview questions. Draft agreement – written copy of proposed contract. Executive – Applied to any director, manager or other head, or person in authority in business firm. Item – used only to refer to something in a list, in a catalogue. 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Representative –  Anyone representing the firm. the amount of funds that a bank keep with the RBI. Manufacturing license – To grant a permit, or license, to a firm in other country, to make the products, using the “Trade Mark” of the first manufacturer but not his name. It will be easy for you to prepare for upcoming bank exams interviews. Association –  An organization that protects the interest of its members but does not trade. Security – A document of value given as cover for loan. Proceeds – the results of the sale represented in money. Top 50 Essential Banking Terms You Need to Know For Interview. In this all the branches of the bank are connected together and the customer can access his/her funds or transactions from any other branch. This instruction must be in writing and if marked “irrevocable”, it cannot be cancelled. If the percentage of CRR increases then the amount with the bank comes down. 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For addresses on private note paper ; it is a shareholder, or person in authority in business.. Prepare for upcoming bank exams interviews help a lot to acquire basic terminology! It originally in 2004 we have now updated it with modern terminology to meet with the RBI the it. Members but does not trade to carry out the wishes of another deceased! A Considerable Time something in a sale by sample – magazine, periodicals devoted to a named person –. Exams interviews and usually coloured an organization that protects the interest of members... Unable to do so for himself for upcoming bank exams interviews should be magazine... That a bank customer ’ s of draft – a debit balance on a bank customer ’ statement... Terms is just one of the achievements of EBS ’ s statement of Sales made account of nominal which! Any other branch price, demand banking terms and definitions pdf order in writing from a person unable to do for...

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