Banking Exam Question - Some Important & Frequently Used Banking Terminologies

Introduction - Some Important Banking Terminologies

Banking terms are the confusing terms that are associated with banking and finance sector. These basic terminologies are commonly asked in a banking exams and bank interview also. Knowing these terms will not only help you during the selection process but can also boost up your knowledge and thus help you in making transaction

Some Frequently Used Banking Terminologies:

• Bearer: The status of the person issuing and presented in Czech has equal rights
• Bull and Bear: The share market has been rising in the stock market and the value is called the decrease rate.
• Base Rate: The central bank is the rate of interest determined for business banks.
• Blue Chip Company: The share of profit-making companies is often the most popular in all due to reliability.
• Clearing House: Accounts such as checks or cross-border transactions through different systems are stolen or scattered. Such as Nepal Clearing House
• Divident: The dividend is called dividends or dividends given to an institution or company by their shareholders.
• Hire Purchase: Purchase of any item in monthly or annual purchases
• Money Laundering: Providing validity of non-property sources made illegally
• Security: An item or property as a bail for loan and interest payments, for some period of time, to keep its own
• Soft Loan: The loan which is less interest rate can easily be offered for monthly or annual rental in a long time.
• Tide Loan: The debt is a fixed loan that should be refunded with fixed interest within a specified period.