Banking Acronyms
ATM
Automatic Teller Machine/Automated Teller Machine
YTD
Year To Date
Amazon
Jeff Bezos/Andy Jassy
PIN
Personal Identification Number
numerical code issued with a payment card that is required to be entered to complete various financial transactions.
IRS
Internal Revenue Service
- federal agency responsible for collecting federal taxes and enforcing U.S. tax laws.
Microsoft
Bill Gates/ Paul Allen
POS
Point Of Sale (POS)
place where a customer executes the payment for goods or services and where sales taxes may become payable.
W - in W-2 or W-4 Forms
Withholding
Apple
Steve Jobs/ Tim Cook
FDIC
Federal Deposit Insurance Corporation
independent agency created by the Congress to insure deposits; examines and supervises financial institutions.
EIN
Employer Identification Number
Alphabet /Google
Larry Page
NCUA
National Credit Union Administration
responsible for regulating federal credit unions, insuring deposits, and protecting members of credit unions.
FICA
Federal Insurance Contribution Act
Meta
Mark Zuckerberg