Retail banking - Vocabulary

13 important questions on Retail banking - Vocabulary

A general development or change in a situation or in poeple's behaviour

trend

All the money received by a person during a particular period

income

Anything of value owned by a business; for a bank, the loans it has made

assets
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Money that a company will have to pay to someone else one day; for a bank, its deposits

liabilities

Profitable (describes an activity that makes a profit)

lucrative

The money earned by a country's poeple in a particular period

national income

A ... is an instruction to a bank to pay varying sums of money to another account on particular dates

standing orders

A ... pays interest but usually has limits as to how much money can be withdrawn during a certain period of time

saving account

A ... lists the recent debits and credits in a bank account

statement

An ... is an arrangement allowing somone to borrow money by withdrawing more than they have deposited in their account, up to a curtain limits

overdraft

A ... pays no little interest, but usually allows the holder to withdraw cash or pay cheques without any restrictions

current account

A ... is an amount of money borrowed form a bank for a fixed period

loan

A ... is an instruction to a bank to pay regular, fixed sums of money to another account

direct debits

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