Tag Archives: Banking Glossary

  • Banking Terms – S

    Posted on May 1, 2012 by admin in Banking.

    Term Meaning Safe Custody  When valuable articles are given to a bank for safe keeping in its safe vault, it is called safe custody.. Bank charges a fee from its clients for such safe custody. Safe deposit box It is sometime called as Safety deposit box. It’s a locker kind inside bank where the valuable […]

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  • Banking Terms – R

    Posted on May 1, 2012 by admin in Banking.

    Term Meaning Range Bonds Bonds which cease the payments because the reference rate of the bond increases or decreases, as compared to predetermined rate on a given index. Rate of Return  A percentage showing the amount of investment gain or loss against the initial investment. Rate Sensitive Rate sensitive pertains to deposit account or security […]

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  • Banking Terms – Q

    Posted on May 1, 2012 by admin in Banking.

    Term Meaning Qualified Opinion An auditor’s opinion mentioned in his report which holds some reservations regarding the process of audit is called as a qualified opinion. Quality Spread The difference between the yields of Treasury securities and non-Treasury securities, as a result of different ratings or quality, is termed as quality spread. Quasi Affidavit The […]

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  • Banking Terms – P

    Posted on May 1, 2012 by admin in Banking.

    Term Meaning Par Value The face value of a security which the investor is expected to receive at the time of maturity with coupon or interest rates if applicable. Partially Amortizing Loan Partially Amortizing loan is a loan in which the periodic payments cover all of the interest charges but only part of the principal, […]

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  • Banking Terms – O

    Posted on May 1, 2012 by admin in Banking.

    Term Meaning Obligation Obligation is nothing but loan. Obligor Obligor is nothing but Customer or borrower who borrowed loan from a bank ODFI It is the abbreviation for Originating depository financial institution. This is mainly used in ACH (automated clearing house). This warrants that the transaction happens according to the rules. Off balance sheet Off-Balance […]

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