05/10/2017

ব্যাংকিং এর পরিভাষা

AER

Annual earnings rate on an investment.

Annuity

A life insurance product which pays income over the course of a set period

APR

The annual percentage rate of interest, usually on a loan or mortgage, usually displayed in brackets

Bank Statements

This is a statement from the bank giving details of transactions in the relevant account.

Bear Market

A bear is somebody who believes that the market is falling and a bear market is a falling market

Bounced Cheque

when the bank has not enough funds in the relevant account or the account holder requests that the cheque is bounced

Bonds

These are securities which pay interest at specified intervals and the principle amount of the loan is paid at maturity.

Bull Market

A bull is somebody who believes that the market is rising and a bull market is a rising market. See bear market for the opposite.

Cashback Mortgages

This is when the mortgage provider lends the money for the mortgage and, in addition, a lump sum to pay for, for example, building work to be carried out.

Central Clearing Time

This is the time that it takes for the monies from a cheque to be taken out of the payee’s account and put into the payer’s account

Certified Documents

These are photocopies of original documents that have been signed by a professional i.e. a solicitor, accountant, teacher, doctor or bank official

Charges

This is the money paid to the bank for services rendered. Charges include overdraft fees, charges for bouncing cheques, interest on overdraft

Cheque Book

A small, bound booklet of cheques. A cheque is a piece of paper produced by your bank with your account number, sort-code and cheque number printed on it

Cheque Clearing

This is the process of getting the money from the cheque-writer’s account into the cheque receiver’s account.

Clearing Bank

This is a bank that can clear funds between banks. For general purposes, this is any institution which we know of as a bank or as a provider of banking services.

Direct Debit

An amount of money taken from a bank account, set up by the recipient and can vary in amount and exact time that it is taken from an account

Hire Purchase

When an item of large capital value is bought over time by paying a deposit and fixing a period over which the loan will run

Interest

The amount paid or charged on money over time. If you borrow money interest will be charged on the loan

Money Laundering

This is when money gained from crime is put into a bank so that it can be accessed safely by the criminals and terrorists

Overdraft

This is when a person has a minus figure in their account. It can be authorized (agreed to in advance or retrospect) or unauthorized

Repayment mortgage

This is a mortgage where the sum borrowed is paid off by the end of the mortgage term

Security for Loans

Where large loans are required the lending institution often needs to have a guarantee that the loan will be paid back

Standing Order

A regular payment made out of a current account which is of a set amount and is originated by the account holder