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Accounting
Banking

Annual Percentage Rate

The interest rate (charged for borrowing or made by investing) as calculated on an annualized basis including any respective fees...

ZBA

It stands for zero-balance account; a checking account (current account) that requires no balance. Rather, it is designed to help...

Zero Balance Account

A checking account (current account) that requires no balance. Rather, it is designed to help companies control and manage their...

Tiered Certificate of Deposit

A certificate of deposit (CD) that provides increasing interest rates for increasing deposit amounts. The larger the deposit, the higher...

Transactional Deposit Account

A deposit account that does allow funds to be withdrawn or transferred to third parties using some means of instruction...

Super NOW Account

An interest-bearing checking account (demand deposit) that pays a higher rate of interest and requires a higher minimum balance than...

Self-Amortizing Loan

A loan that is paid back in equal periodic installments. An installment constitutes varying portions of principal and interest over...

Transactional Account

A deposit account that does allow funds to be withdrawn or transferred to third parties using some means of instruction...

Transaction Account

A deposit account that does allow funds to be withdrawn or transferred to third parties using some means of instruction...

Term Transformation

A type of transformation that is performed by banks and other depository institutions whereby short-term deposits are accepted at low...