Banking Encyclopedia
Be In The Know
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Whether you're a seasoned banker, a budding financial enthusiast, or a curious individual looking to demystify financial jargon, our carefully curated glossary provides clear and concise definitions for a wide range of banking terms. Navigating the intricacies of financial language has never been easier, as we aim to empower our users with knowledge that fosters a deeper understanding of banking concepts and facilitates informed decision-making. Explore our glossary to enhance your financial literacy and unlock the language of banking with confidence.
Glossary of Banking Terms
There are currently 3 names in this directory beginning with the letter B.
Bank Statements
This is a statement from the bank giving details of transactions in the relevant account. It can be requested at any intervals required, usually monthly.
Bonds
These are securities which pay interest at specified intervals and the principle amount of the loan is paid at maturity.
Bounced Cheque
When the bank has not enough funds in the relevant account or the account holder requests that the cheque is bounced (under exceptional circumstances) then the bank will return the cheque to the account holder. The beneficiary of the cheque will have not been paid. This normally incurs a fee from the bank.