Definition: Also known as Cash Reserve Ratio, it is the percentage of deposits which commercial banks are required to keep as cash according to the directions of the central bank. When the central bank wants to increase money supply in the economy, it lowers the reserve ratio. …

List of Banking Abbreviations & Terms

CRE – Credit payment. DDR – Direct Debit. DR – debit balance (overdrawn) IBAN – International Bank Account Number (you can find this on your statement) IMO – International Money Order.

Inter Bon SA was founded in 1988. The Company’s line of business includes manufacturing of reconstituted wood products.

The word bank comes from an Italian word banco, meaning a bench, since Italian merchants in the Renaissance made deals to borrow and lend money beside a bench. They placed the money on that bench. Elementary financial records are known from the beginning of history.

TC stands for Temporary Change.

A demand draft is a method used by an individual to make a transfer payment from one bank account to another.

The Cash Deposit Machine (CDM) is a self-service terminal that lets you make deposits and payment transactions by cash.

Código Cuenta Cliente (CCC) is a unique account code used by Spanish banks to identify their customers. The CCC code is printed on bank documents such as checks and statements.

Banking and finance are also referred to as a term of managing your money by investing it in either banks or other financial institutions. It is very important that you invest your money in case it is sitting idle.

A banking system is a group or network of institutions that provide financial services. The function of a commercial banking system can include accepting deposits, approving loans, offering checking and savings accounts, and providing credit and debit card services.

The plural abbreviation of account is accts. The abbreviation “a/c” can be interpreted as plural in itself. This abbreviation is commonly found in business reports, the accounting sector, banking, and to describe any online account, email for example.

Banking and financial abbreviations are asked every year in the banking examination. Going through the list of abbreviation will help the candidates in scoring better. Here is the list of Banking and financial abbreviations: DTC: Direct Tax Code. DTAA: Double Taxation Avoidance Agreement. DII: Domestic Institutional Investor .

FNB stands for First National Bank. If you are visiting our non-English version and want to see the English version of First National Bank, please scroll down to the bottom and you will see the meaning of First National Bank in English language.

BOC stands for Banc One Corporation (now Bank One Corporation). BOC is defined as Banc One Corporation (now Bank One Corporation) very frequently. Printer friendly