50 Most Common Banking Terms For Interview – Glossary of Banking Terms PDF

Top 50 Essential Banking Terms You Need to Know For Interview

Association –  An organization that protects the interest of its members but does not trade.

Awkward – difficult, inconvenient.

Account Sales – agent’s statement of sales made.

Bill of Exchange – an order in writing from one person to a bank or to another person, to pay on -demand or at a given date, a certain sum to the person named in the bill.

Banker’s transfer – Transfer of money from the bank account of a debtor to the bank account of his creditor by order of the debtor.

Bulk – the goods delivered in a sale by sample.

Banker’s of draft – A draft or cheque drawn by one bank on another.

Current account – The account into which a client pays his trading receipts and on which he draws his cheques.

Cheque – an order in writing from a person to his bank to pay on demand a certain sum to a named person.

Check up – see if everything is all right.

Cope with – manage, but always with some difficulty.

Drop – decrease; fall.

Discretion – judgment.

Draft agreement – written copy of proposed contract.

Dispose of – get rid of; sell.

Deposit account – Surplus funds from the current account are held in this, and receive interest.

Draft – This really means a document used to “draw” money from source, but sometimes it is used to refer to money itself. A bill of Exchange is often referred to in a letter as “the draft”.

Die-stamping – this is used for addresses on private note paper; it is not printed but Embossed and usually coloured.

Executor – Person appointed to carry out the wishes of another person deceased.

Executive – Applied to any director, manager or other head, or person in authority in business firm.

Finish – the completed surface of the article or material.

Holding – the shares are said to be “held” by the owner, who is a shareholder, or stockholder.

Interest – the charges or profit due for lending money.

Item – used only to refer to something in a list, in a catalogue.

Initial – first.

Loan – Money lent.

Letter of credit – (L/C) An arrangement with a bank by means of which a buyer guarantees payment to a seller on fulfilment by the seller of certain agreed conditions. This instruction must be in writing and if marked “irrevocable”, it cannot be cancelled.

Line – the kind of business one deals in.

Manufacturing license – To grant a permit, or license, to a firm in other country, to make the products, using the “Trade Mark” of the first manufacturer but not his name.

Missing – what is not there but should be.

Market potential – sales possibility

Market fluctuations – changes in price, demand etc.

Odd – various; not set design.

Overdraft – A debit balance on a bank customer’s current account.

Proceeds – the results of the sale represented in money.

Pilferage – petty theft.

Price cut – price reduction.

Representative –  Anyone representing the firm.

Replacement – in the case of breakage or wrong delivery another consignment of the goods ordered is sent to take the place of the broken, damaged or wrongly delivered goods.

Stipulated – stated as a firm condition.

Seconds – imperfect.

Staff – the employees.

Substantial – big, large.

Sales drive – sales campaign; special effort.

Society – Cultural, Charitable or such organizations.

Security – A document of value given as cover for loan.

Trustee – Person appointed to protect the interests and property of a person unable to do so for himself

To take over – an offer to take over the business of the company concerned; it may be amalgamation or absorption.

Take for granted – presume.

Texture – structure of material, thickness, weave of fabric.

Trade papers – magazine, periodicals devoted to a certain trade.

Download here:

  1. Banking Terms For Interview in PDF
  2. Glossary of Banking Terms in Docx

Searches related to Banking Terms

banking terms for interview with answers, indian banking terminology pdf, banking terms pdf, basic banking terms and definitions pdf, banking terminology in india, banking terminology in hindi, banking terms pdf 2016, glossary of banking terms, banking terms for interview pdf, basic banking terms and definitions pdf, banking terms pdf in hindi, banking terms pdf 2016, bank related general knowledge pdf, banking terms pdf 2017, banking dictionary pdf free download

Comments

comments

Please follow and like us:

Leave a Reply