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It also covers interest-rate related ideas and central banking measures, plus banking operations and risk-related processes including bankruptcy and bailout.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/exam/","Exam",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/banking-terminologies-a-z/412480/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/banking-terminologies-a-z/412480.png","ImageObject",300,407,{"name":42,"@type":43},"BigDaveOnline","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-30","2026-09-28",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",8,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What does the term “Account” mean in banking?","Question",{"text":63,"@type":64},"It refers to the running record of transactions that take place between two parties—typically banks and customers—covering the relevant financial activity.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"What is an ATM used for?",{"text":68,"@type":64},"An ATM (Automated Teller Machine) is used to dispense and/or receive cash, accept deposits, and check bank balance details.",{"name":70,"@type":61,"acceptedAnswer":71},"What does “Bankruptcy” mean?",{"text":72,"@type":64},"Bankruptcy is a legal process where individuals or other entities cannot repay debts to creditors and may seek relief from some or all of their debts.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},412480,1791349244,{"code":4,"msg":82,"data":83},"success",[84,88,92,95,100,105,110,114,119,122,126],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},"Story & Novel",90,"story-novel",{"id":26,"doc_module":4,"doc_module_name":25,"category_name":89,"show_sort_weight":90,"slug":91},"Literature",80,"literature",{"id":33,"doc_module":4,"doc_module_name":25,"category_name":29,"show_sort_weight":93,"slug":94},70,"exam",{"id":96,"doc_module":4,"doc_module_name":25,"category_name":97,"show_sort_weight":98,"slug":99},5,"Comic",60,"comic",{"id":101,"doc_module":4,"doc_module_name":25,"category_name":102,"show_sort_weight":103,"slug":104},6,"Technology",50,"technology",{"id":106,"doc_module":4,"doc_module_name":25,"category_name":107,"show_sort_weight":108,"slug":109},7,"Healthcare",40,"healthcare",{"id":55,"doc_module":4,"doc_module_name":25,"category_name":111,"show_sort_weight":112,"slug":113},"Research & Report",30,"research-report",{"id":115,"doc_module":4,"doc_module_name":25,"category_name":116,"show_sort_weight":117,"slug":118},9,"Religion & Spirituality",20,"religion-spirituality",{"id":117,"doc_module":4,"doc_module_name":25,"category_name":120,"show_sort_weight":117,"slug":121},"World Cup","world-cup",{"id":123,"doc_module":4,"doc_module_name":25,"category_name":124,"show_sort_weight":123,"slug":125},10,"Lifestyle","lifestyle",{"id":127,"doc_module":4,"doc_module_name":25,"category_name":128,"show_sort_weight":96,"slug":129},19,"General","general",{"code":4,"msg":82,"data":131},{"doc_id":79,"user_id":132,"nickname":42,"user_avatar":133,"doc_module":4,"category_id":33,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":106,"language":139,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":12,"update_tm":143,"read_time":144,"preview_page_count":4},962090896214,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","Banking Terminologies (A-Z)  \n\n| Banking Terminologies | Meaning |\n| --- | --- |\n| Account | It refers to the running record of transactions that take place between two parties. In the banking sector, the two individuals are the banks and the customers. Simply put, it is the account of nominal interest. |\n| ATM (Automated Teller Machine) | ATMs are machines that help in dispensing and/ or receiving cash, accepting deposits, checking details of bank balance, etc. |\n| Annuity | It is the fixed amount of money that is paid to somebody each year, usually for the rest of his/ her life. |\n| Assets | It is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide benefits in future. |\n| Bailout | It is done to rescue the company facing financial difficulties at an extreme level |\n| Balance Sheet | It is a financial statement that reports a company’s assets, liabilities, and shareholders’ equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure |\n| Bank Credit | It refers to the lending by banks to customers through various means such as loans, discounting of bills of exchange, etc |\n| Bank deposits | It is opposite to the bank credit. It implies to depositing own savings with the banks for various purposes ranging from safety to earning interest |\n| Banknote | A note issued by the bank promising to pay a certain specified amount of money when being presented |\n| Bank Rate | It is the rate of interest charged by a central bank to commercial banks on the advances and the loans it extends. It is also the rate of discount at which the Reserve Bank of India ( RBI) discounts the first-class bills. Bank rate is one of the quantitative methods of monetary policy. |\n\n\n| Bankruptcy | It is a legal process through which people or other entities cannot repay debts to creditors and may seek relief from some or all of their debts. |\n| --- | --- |\n| Bridge Loan | It is a loan made by the bank for a very short period to make up for the temporary shortage of cash |\n| Bancassurance | It refers to the distribution of insurance products and the insurance policies of the insurance companies by the banks as corporate agents through the bank’s branches. Banks generally charge a fee for this service from insurance companies. |\n| Bouncing of a cheque | It is a situation when an account has insufficient funds and any type of cheques is not payable and thus returned by the bank with a reason “Exceeds arrangement” or “funds insufficient” |\n| Base Rate | It is the rate of interest on which the banks generally base their lending rates. It is seen that the loans are given at a rate higher than the base rates and the saving rate is below the base rate. |\n| Basis point | It is one-hundredth of 1% point which is normally used for indicating the cost of finance |\n| Bills of exchange | According to section 5 of the Negotiable Instruments Act of 1881 , a bill of exchange is an instrument in writing containing an unconditional order signed by the maker, directing a certain person to pay a certain amount of money, only to, or to the order of, a certain person, or the bearer of the instrument. |\n| Call Money | It is a loan that is made available for a very short period of a few days only with a low rate of interest. |\n| Capital Assets | The asset which is not bought or sold as part of the everyday running of the business |\n| Cash | It refers to that money which is in the form of banknotes and/ or coins |\n| Capital Expenditure | Non Recurring nature of expenditure is used in purchasing of capital assets. |\n| Cash cow | Those enterprises that yield high earnings but often have low growth potential |\n\n\n| Cheque | It is written by an individual to transfer an amount between two accounts of the same and/ or different bank |\n| --- | --- |\n| Core Banking | It is a general term used to describe the services provided by a group of networked ","cbCaigQH8ejtUbqX","https://ap.wps.com/l/cbCaigQH8ejtUbqX","pdf",81611,"English","# Banking Terminologies (A-Z)\n## Core banking and accounts\n## Money, deposits, and payments instruments\n## Interest rates, central banking, and policy terms\n## Financial statements and risk-related terms","[{\"question\":\"What does the term “Account” mean in banking?\",\"answer\":\"It refers to the running record of transactions that take place between two parties—typically banks and customers—covering the relevant financial activity.\"},{\"question\":\"What is an ATM used for?\",\"answer\":\"An ATM (Automated Teller Machine) is used to dispense and/or receive cash, accept deposits, and check bank balance details.\"},{\"question\":\"What does “Bankruptcy” mean?\",\"answer\":\"Bankruptcy is a legal process where individuals or other entities cannot repay debts to creditors and may seek relief from some or all of their debts.\"}]","Banking Terminologies (A-Z) | PDF",1790591703,18]