overdraft
An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. (source: http://en.wikipedia.org/wiki/Overdraft)
An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. (source: http://en.wikipedia.org/wiki/Overdraft)
An instruction by a bank to pay someone a particular amount. A bank order is a more trusted method of payment than a personal cheque.
A cheque which is paid to a named person with the words ‘or order’ after the payee’s name, showing that he or she can endorse
An arrangement between a bank and a customer that allows the customer to pay in and take out money. (source:http://www.ldoceonline.com/dictionary/account_1)
Online banking allows customers of a financial institution to conduct financial transactions on a secure website operated by the institution, which can be a retail
A term used in the banking industry to indicate that a demand for payment (a cheque) cannot be honored because insufficient funds are available in
A loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that
The amount of time in which the borrower must repay the mortgage loan. (source: http://www.investorwords.com/13581/mortgage_term.html#ixzz2TSyYZchS)
A type of asset-backed security that is secured by a mortgage or collection of mortgages. Read more: Mortgage-Backed Security – MBS Definition | Investopedia http://www.investopedia.com/terms/m/mbs.asp#ixzz3vjrwoQ00
Mortgage loans are one variety of a secured loan. In this type of secured loan, the house itself acts as collateral. If borrowers default on
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