Banking Vocabularies
BankInfoBD.com is committed to provide general knowledge based information for those who want to build their career in banking sector. Gaining overall general knowledge on banking terms and vocabularies will improve the chance to stand out form the crowd and will help to carry your banking job more appropriately.
As part of our effort, we will add commonly known banking terms and dafination of those banking terms in this FAQ type page. This page will be updated with new terms and vocabularies as time goes by.
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Common Banking Vocabularies
- Loan
- An aggrement in which a borrower borrow money or asset from a lender for a specified period of time and that must be repaid usually with interest.
- ATM
- ATM is an abreviation of "Automated Teller Machine". A bank account holder can withdraw money out of his/her bank account through an ATM machine using a special ATM card. ATM machines are often located outside of the bank providing offshore banking facility. Today, An ATM not only provides money withdrawal facility but also act as a hub of self banking activities. Bank account can perform various banking activities including money transfer, check account balance, view account statements, send queries to banks, utility bill payments etc.
Contribute us: Let us make this page more informative together. Please share any vocabulary with defination you think we should add to this list.
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