Banking Vocabulary
account
A record of financial expenditure and receipts; a statement of sums of money.
balance
A state of equilibrium or equal distribution of weight.
Glossary Reference
List of common words related to banking.
account
A record of financial expenditure and receipts; a statement of sums of money.
balance
A state of equilibrium or equal distribution of weight.
deposit
A sum of money placed in a bank account or as a security.
withdrawal
The act of taking back or removing something.
transaction
An instance of buying or selling something; a business deal.
interest
The feeling of wanting to know or learn about something or someone.
loan
A sum of money that is borrowed and expected to be paid back with interest.
credit
An arrangement to receive goods, services, or money in advance with the promise to pay later.
debit
An entry recording a sum owed, typically in accounting.
statement
A declaration or remark; something that is stated.
mortgage
A legal agreement in which a bank or similar organization lends money at interest in exchange for taking title of the debtor's property until the debt is repaid.
fees
A fee is a fixed charge or payment made for a service or privilege.
savings
Money that has been set aside, often in a bank account, for future use.
investment
The action or process of investing money for profit.
currency
A system of money in general use in a particular country.
collateral
Something pledged as security for repayment of a loan or performance of an obligation.
branch
A part of a tree which grows out from the trunk or from a bough.
atm
A machine that dispenses cash and provides banking services to customers.
check
An examination or verification.
overdraft
A situation in which a bank account has been allowed to become overdrawn.
List Mastery
Complete all practice modes to achieve fluency.