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credit is the trust which allows one party to provide resources to another party where that second party does not reimburse the first party immediately (thereby generating a debt), but instead arranges either to repay or return those resources (or other materials of equal value) at a later date. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit).
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Money that was paid into your account by someone going into the bank and paying it over the counter
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Bank credit has two meanings, depending on the context. (1) If you have a financial account (e.g., checking, credit card, etc.), the bank might credit that account for some r…eason (e.g., refund a fee). The transaction line associated with that action will likely state "bank credit." (2) The more general meeting is when a financial institution extends credit to an individual or company through a credit card, loan or line of credit.
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As you might already know, the main business for banks is accepting deposits and granting loans. The more the loans the banks disburse the more profit they make. Also, banks d…o not have a lot of their own money to give as loans. They depend on customer deposits to generate funds for granting loans to other customers. So a deposit mobilization scheme would encourage customers to deposit more cash with the bank and this money in turn will be used by the bank to disburse more loans and generate additional revenue for themselves.
Null defines the value in a banking account as zero, no value. Zero or null are used to state the same idea on banking and investment documents.
SLF = Syndicated and Leveraged Finance
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The buyer of a credit swap receives credit protection, whereas the seller of the swap guarantees the credit worthiness of the product. By doing this, the risk of default is tr…ansferred from the holder of the fixed income security to the seller of the swap. For example, the buyer of a credit swap will be entitled to the par value of the bond by the seller of the swap, should the bond default in its coupon payments.
Bank Credit is one of the less commonly used terms for "Loans". The term no accessibility to bank credit means, the person/entity is unable to get any loans from a bank. Banks… usually grant loans only to creditworthy customers. If the customer has a past history of default or has low/irregular income, the bank may decide to not grant any credits/loans to those customers.
Adjusted Net Bank Credit = Net Bank Credit + permitted Non SLR invstmnts (Held Till Maturity HTM category) + Other Invstmnts eligible to be treated as priority sector. … Net Bank Credit = O/s bank credit in India - Bills rediscounted with RBI/approved financial instns. Bank Credit (excluding inter bank advances) = Loans + Cash Credit + Overdraft + Inland & Foreign Bills Purchased & discounted.
It means that you have money in your bank account that can be withdrawn whenever you need. A credit balance indicates that there is money in your account whereas a Debit balan…ce indicates that you owe money to the bank. You can withdraw as much money as you have in your account anytime you want if the account is a saving or checking account. If it is a Time Deposit, you may have to wait until the deposit matures or incur the penalty for premature closure.
Electronic banking is a term used to cover all finacial transactions conducted away from a physical bank and includes telephone banking and automated banking,However most peop…le regard the term as meaning banking carried out online via a PC or Laptop.An individual can set up direct debits ,wire money or any other sort of banking transaction over a secure internet connection.This can be a great benefit to people who live a considerable distance from a bank,or would otherwise find it difficult to access a locac branch of their bank due to disability.
A machine readable code is embedded into a magnetic strip that is placed in a standard-size plastic card. Credit cards allow holders to spend more money than they have by borr…owing money and are required to pay it back, usually with interest.
"Bank capital" is the net worth of the bank, or its value to investors. It includes retained earnings, reserves, hybrid capital instruments, subordinated term debt.