| 01.Qns. What is Agency?
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
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
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.