What does credit mean in banking terms?
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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A customer for a bank is any individual who uses the services of the bank. It may be maintaining accounts or depositing cash or availing loans etc.
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It occurs when a country's total imports of goods, services and transfers is greater than the country's total export of goods, services and transfers. This situation makes a c…ountry a net debtor to the rest of the world.
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.
It means what is says - accessing you bank account via the Internet.
There is no such term, have you spelt it correctly.
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. Zeroor null are used to state the same idea on banking and investmentdocuments.
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.
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.