Careers
In banking, an individual usually appointed by the bank's directors and reporting directly to them, who is responsible for examining any and all phases of the bank's operations.
Auditor
Any placement of cash, checks, or other drafts with a bank for credit to an account.
Deposits
A formal or official examination and verification of accounts.
Audit
A record of the money and expenses of a bank or buisness covering a period of time.
Income Statement
A business contract between a borrower and lender, covering an extension of credit.
Loan
The individuals elected by the bank's stockholder's to constitute the board of directors and who form the active, governing body of the bank as a corporation
Bank Director
A demand draft drawn on a bank or other financial institution offering checking accounts.
Checks
An agreement, enforceable at law, between or among two or more persons, consisting of one or more mutual promises.
Contract
Anything owned that has commerical or exchange value.
Assests
A written promise to pay.
Note
The third party in an escrow transaction, who acts as a agent for the other two parties, carries out their instructions, and assumes the responsibilities of paperwork and funds disbursement
Escrow Agent
A loan, obligation, or cardholder account which the bank no longer expects to be repaid and is written off as a bad-debt expense.
Charge off
Any party to whom money is owed by another.
Creditor
An advance of cash, merchandise, or other commodity in exchange for a promise or other agreement to pay at a future date, with interest if so agreed
Credit
A mutual fund that pools investor's contributions and invests them in various money market instruments.
Money market instruments
The service by which a bank or other party assumes an active role in the management of another's property
Managing Agent
A report rendered by a bank to a customer , showing the account balance at the start of a period, the transactions, and the closing balance.
Bank Statement
Counterfiting a check or other documents with the intent to decieve
Forgery
The sum total, as determined by a complete inventory, of all the assets of a decedent
Estate
A loan that allows the lender to make periodic adjustments in the interest rate, according to fluctuating market conditions
Variable Rate Loan
A person who creates a trust to become operative during his/her lifetime.
Grantor or Settlor or Donor
The amount of funds in a customer's account.
Balance
A sum of money due for payment or collection as the result of a court order
Judgement
Paper money
Currency
The exchange of money, either for a promise to pay at a later date or for an ownership share in a business.
Investment