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Tooltip Tags: banking

cleared balance

The money available for the account holder to use immediately updated to include new payments and transfers made into and out that account and after

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cheque book

A book of forms for writing cheques. (source: http://www.wordreference.com/definition/chequebook)

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cashier

A person handling payments and receipts in a shop, bank, or business. (source: http://www.wordreference.com/definition/cashier)

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central bank

Generic name given to a country’s primary monetary authority. (source. http://www.investorwords.com/801/Central_Bank.html) Central banks have a wide range of responsibilities, from overseeing monetary policy to implementing

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call deposit account

A deposit account, like a checking account, has no fixed deposit period, provides instant access to funds and allows unlimited withdrawals and deposits. (source: http://www.investopedia.com/terms/c/call-deposit-account.asp#ixzz2IBRnlKtF)

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bridge loan

The type of short-term loan, typically taken out for a period of 2 weeks to 3 years, pending the arrangement of larger or longer-term financing.

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brokerage fee

Amount of money charged by a broker for his or her services that could be a flat fee or a percentage rate of the base

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