banking | Françoise Clementi

crossed cheque

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Cheque that can only be deposited directly into an account with a bank and cannot be immediately cashed by a bank over the counter. (source:

credit risk management committee

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The purpose of the credit risk management committee is to address issues relating to credit policy and procedures. These policies and procedures should encompass clear

A group of people responsible for assessing the credit standing and ability to repay debt of prospective borrowers of a lending institution. (Read more: http://www.businessdictionary.com/definition/credit-committee.html#ixzz434KhPQkE)

credit entry

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An accounting entry acknowledging income or capital items. (source: thefreedictionary.com )

credit card annual fees

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Fixed amount that a financial institution charges to a credit or debit card holder, for issuing, replacement or renewal, and management. In the case here

correspondent bank

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Financial institution that provides services on behalf of another, equal or unequal, financial institution and are more likely to be used to conduct business in

concurrent ownership

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Ownership by two or more parties at the same time. (source: http://financial-dictionary.thefreedictionary.com/concurrent+ownership)

conditional ownership

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Ownership in which the owner does not have full right to the property, but could acquire full ownership if specific conditions are fulfilled. (source: law.cornell.edu

commercial bank

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Financial institution that provides services, such as accepting deposits, giving business loans and auto loans, mortgage lending, and basic investment products like savings accounts and