Ans : It is a trust account in which title to property remains in the owners name.

02.Qns.What does automated clearing house mean?

Ans : Automated clearing house means a clearing house where the information

enters the system in a electronically readable form. such as magnetic tape.

03.Qns.What is ask price?

Ans : The price at which an asset is offered for sale is called ask price.

04.Qns.What is an assignment?

Ans : It means the transter for the legal right or interest on an asset on

another party.

05.Qns.What does Bank Acceptance mean?

Ans; Bank Acceptance is a draft drawn on and accepted by a bank,

making it a negotiable instrument.

06.Qns.What does lending limit mean?

Ans : The maximum amount that can be loaned to a single borrower is

known as lending limit.

07Qns. What is bank wire?

Ans : Bank wire is an electronic communication network owned by an

association of banks and used to transfer messages between subscribing banks.

08.Qns. What is bad debt?

Ans : Bad debtsa means the loans that are due but are uncollectible.

09.Qns.What does the balance sheet mean?

Ans : Balance sheet is a financial statement that indicates the type and amount

of assets. liabilities, and net worth of a firm or individual at a point in time.

10.Qns. What is ballon loan?

Ans : Ballon loan is a loan that requires small payments that are insufficient to pay

off the entire loan so that a large final payment is necessary at termination.

11.Qns. What is a bank holding company?

Ans : Bank holding company is a firm that owns or controls at least one

commercial bank?

12.Qns.What is Banker’s Bank?

Ans : Banker’s Bank is a firm provides correspondent banking services to commercial banks and not to commercial or retall deposit and loan customers.

13.Qns.What is bankrupt?

Ans : The situation in which a borrower is unable to pay obligated debts.

14.Qns. What is bid price?

Ans : The price at which someone has offered to buy an asset is called bid price.

15.Qns. What is bif?

Ans : bIF stands for bank issurance Fund which isnures deposits at commercial banks.

16.Qns. What is a bond?

Ans : Bond is an interest-bearing security representiong a debt obligation of the issuer.

17.Qns.What is book value?

Ans : Book value typically measured as historical cost minus depreciation.

18.Qns. What is call loan?

Ans : Call loan is a loan that is callable on 24 house notice.

19.Qns. What is cash market?

Ans :  The spot market for the immediate exchange of goods and services for immediate payments is called call market.

20.Qns.What is consumer Bank?

Ans : A bank that does not make commercial loans is called consumer bank.