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Tooltip Tags: banking

amortize a loan

The process of paying down the loan by making payments which include both principal and interest. (source: http://biztaxlaw.about.com/od/glossarya/a/amortization.htm)

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amortize

– In relation to loans, amortization is the process of paying down the loan by making payments which include both principal and interest. (source: http://biztaxlaw.about.com/od/glossarya/a/amortization.htm)

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AEB

Professional association open to local and foreing banks operating in Spain, that serves their interests.

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administrative costs

An expense incurred in controlling and directing an organization, but not directly identifiable with financing, marketing, or production operations. … Administrative costs are related to

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account balance

The amount of money in an account, equal to the net of credits and debits at that point in time for that account. (source: http://www.investorwords.com/390/balance.html#ixzz2YYzF8V5W)

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account holder

Individual or entity which is authorized to perform transactions on behalf of an account, such as a bank account. (source: http://www.businessdictionary.com/definition/account-holder.html#ixzz2ivjUzYeq)

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account number

A unique number of several digits used to identify the account at a bank or brokerage.

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FROB

FROB is «Fondo de Reestructuración Ordenada Bancaria», a public-law entity with legal personality which aims to manage the restructuring process and financial rescue of credit

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debit

An accounting entry which results in either an increase in assets or a decrease in liabilities or net worth. Opposite of credit. (source: http://www.investorwords.com/1308/debit.html)

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