Banking

What is a Merchant Bank? A merchant bank is a financial organization that provides a variety of services, including underwriting, issuing securities, and merger and acquisition advice to big businesses and rich people. A merchant bank concentrates on investment and corporate finance operations, as opposed to a commercial bank, which primarily accepts deposits and disburses …

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What is Core Banking? Core banking is an abbreviation of centralized online real-time environment banking. It is a back-end system in which banking transactions, financial records, and other updates regarding accounts are processed daily. It includes deposit, loans, and credit processing, including general ledgers and reporting tools interface. In core banking, multiple branches are connected …

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What is Commercial Bank? Commercial banks are financial institutions that provide a wide range of services to businesses, governments, and individuals. They are the primary source of financial services in the global economy and are essential to the functioning of the modern monetary system. Commercial banks provide various services, including deposits, loans, and investments. They …

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What is Commercial Bank? A commercial bank is a financial institution that provides banking services to businesses, companies, and individuals. Commercial banks are financial intermediaries, meaning they accept deposits from customers and lend out those deposits in the form of loans and investment products. Commercial banks are for-profit organizations that generate revenue from the interest …

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What is Bank Guarantee? A bank guarantee is a security from a bank that it will make good on a customer’s debt if it cannot do so. It is a form of financial security that can be used in various situations. Bank guarantees are commonly used to secure a loan, lease, or other contractual obligations. …

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What is a Bank Guarantee? A bank guarantee is a sort of financial assurance given by a bank to a third party (referred to as the “beneficiary”) on behalf of a client (referred to as the “principal”) that, in the event, the principal is unable to do so, the bank would satisfy any financial commitments …

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What is Bank Guarantee? A bank guarantee is a specific financial instrument that a bank issues on behalf of a client, a firm. A bank guarantee’s main function is to ensure that a client will pay their debts to a third party, such as a contractor or supplier. This means that if the customer is …

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What is Bank Guarantee? A bank guarantee is a contract between a bank and a customer that provides financial security for the customer in case of non-performance or non-payment of a transaction. A bank provides the guarantee on behalf of its customer, referred to as the “guarantor.” The contract is a form of credit issued …

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What is Private Equity? Private equity is a type of investment in which capital is invested in private companies or firms not listed on a public stock exchange. Private equity firms acquire controlling stakes in these companies and work to improve their operations and financial performance to generate a profit when the firms are eventually …

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What is an Overdraft? An overdraft is a short-term credit that a bank grants to account holders against provided checks exceeding the amount of cash available in the account. In an overdraft, excess cash is withdrawn instead of money available in a current account. It is a form of credit or short-term loan granted by …

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What is Overdraft? Overdraft is a type of personal line of Credit. When you have an Overdraft protection attached to your bank account, you can spend more money than the balance in your account. Banks often charge you each time you borrow on your Overdraft. Borrowers are also charged an annual interest rate. Suppose you …

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What is Loan? A loan is an amount borrowed from a lender and paid back in installments, with interest. The borrower’s commitment to pay back the loan is in a series of regular installments over time or all at once. The lender may be a bank, credit union, or other financial institution. The borrower must …

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What is Loan? A loan is a type of financial assistance that a bank, credit union provide or other financial institution. It is an amount of money that is lent to a person or a business, with interest, over a certain length of time. Many different types of loans are available, including personal, home, auto, …

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What is Internet Banking? Internet banking is a banking service provided by a financial institution that allows its customers to conduct various financial transactions via the internet. It is also known as online, electronic, or internet banking. It is convenient for customers to access their bank accounts, make payments, transfer money, and manage their finances. …

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What is CD? A CD is a financial instrument issued by a bank or other financial institution. It is a type of savings account that pays a fixed rate of return for a pre-determined period. CDs are FDIC insured and are considered a low-risk investment option. CDs are generally used as a safe way to …

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