Withdraw
Accounts receivable / Cash. When it's invoiced it will take money out of cash and into the product or service account.
Redepcheck RCK is a term that is commonly seen on many business banking statements. This stands for redeposit check or redepositing of check entry and this occurs when the check bounced the first time.
Another word for putting money into an account is "deposit." This term refers to the act of adding funds to a bank account or financial account, increasing the balance. Deposits can be made in various forms, including cash, checks, or electronic transfers.
A checking account is called a "demand deposit" because it is available for transfer to another individual or company by writing a check or draft.
Asset Acceptance is one of the main ways that companies make up for their loans. This means that a company will take a person's assets as collateral over money.
money
It is the term used for a Custodial Account - the kind of account that most parents would get as a "money market" savings account for their child. I'm not sure what the letters actually stand for, but that's what it means.
To add money to a term deposit, you can make a deposit at the bank or financial institution where the term deposit is held. You can do this by transferring funds from your savings or checking account into the term deposit account.
Overdrawn is a technical banking term. It means that you do not have enough money in your checking account to cover your check.
The amount of money available in an account is usually referred to as the "balance" of the account. The cash balance may be positive or negative.
The term 'factoring money' means selling debt one is owed to a company who take over responsibility for collecting that money. They earn a profit by paying less than the value of the money owed to you.
Long term finance simply means money that is set aside for achieving goals that may take a long period of time. An example of long term finance may be retirement savings.
The word 'consider' means to think about, to contemplate mentally, give attention to or take into account.
PODR means preferred overdraft rate. (Santander have a current account of this type). This term is used when you have an overdraft on a current account at an agreed limit and pay a regular sum of money into the account (example, your monthly pay).
The term address means the physical location of something. In email, the term address means the name of the email account where you receive emails.
No, the proper banking term is balance for an amount in a checking account.
Yes, Certificates of Deposit (CDs) are fixed term deposits. That means you can't access the money (except for a large penalty) for the term of the deposit, usually anywhere from 3 months to 5 years. Money Market accounts are typically much more liquid, though they may limit withdrawals per month.