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 P.
Payee
The person who receives a payment. This often applies to cheques. If you receive a cheque you are the payee and the person or company who wrote the cheque is the payer.
Payer
The person who makes a payment. This often applies to cheques. If you write a cheque you are the payer and the recipient of the cheque is the payee.