Household income is the income of all the members of one household put together. Active tranche basically stands for REMIC or Real Estate Mortgage Investment Conduit. The interest accrual rate is a percentage of interest that is calculated on the basis of the rate of interest and is expressed in terms of annual percentage rate or APR. Bridge financing begins at the end of the time period of the first loan and ends with the start of the time period of the second loan, thereby bridging the gap between two loans. It is used for traditional withdrawal of money. Also known as electronic cash and digital cash, e-cash is a technology where the banking organizations resort to the use of electronics, computers and other networks to execute transactions and transfer funds. The attorney’s certificate of title, is also known as the title option. In the field of banking and finance, accretion is the process where the price of a bond that has been bought at a discount is changed to the par value of the bond.

Sometimes, ABS is also referred to as the monthly rate of repayment of a secured loan. A preliminary stage prior to bidding process, where the applicant is verified of whether he has the resources and the ability to do a given job. An accrual bond is a bond that has a tendency to pay the investors, an above the market rate. PPD transactions are by definition those that are authorized in writing on a form or contract that grants a business A home loan, which is at a lower interest, an amount which does not go over the closing costs and the outstanding principal of the original mortgage. Endorsement is basically the handing over of rights of a financial/legal document or a negotiable instrument to another person. Accrual is the process of accumulation of interest or money. Accretion, is a process, where increments and periodic increases are made in the book value or the balance sheet value of an asset. Field audits are basically the audits that are conducted by bank officials, on the site itself, in order to assess the status and condition of the collateral. Through the use of CCD, corporations can improve their operational cash flow and reduce the amounts they hold in their operating checking accounts. Credit counseling is a consultancy session where the credit counselor suggests debt relief solutions and debt management solutions to the clients. Some of the common types of annuities include the deferred, fixed, immediate, or variable variants. ‘Assets repriced before liabilities’ is a term that is used to define a gap between the repricing of the assets and liabilities in a given period of time. The balance is the actual amount of money that is left in the account. Gross income is the total income of a person, organization or corporation in one financial year, before making any deductions. The amount that is left after paying the taxes is called the net income.
The debt may be anything from a bank loan to a credit card debt or an overdraft that has been used. Posting date is the date on which outdoor advertisements hit the markets. Ground rent is the amount of rent that a leaseholder pays periodically to the owner for using a piece of land. It is a kind of switch wherein an entity pays another entity according to the fixed rate in return for defrayals based on the return of a given asset. The REMIC tranche is basically a bond that is backed up by a large set of mortgages. A government controlled area where only certain uses of the land are permitted is called zoning. What does PDA stand for in Banking? A bank account which does not require any minimum balance is termed as a zero balance account. Absorption is a term related to real estate, banking, and finance fields. Debt repayment is the total process repayment of a debt along with the interest. Acceleration is the process, where the lender demands a full and final payment of the debt or loan, before the allotted time period for repayment. Instead, the total amount of accrued interest is paid along with the face value upon the maturity of the security. Refinance means clearing the current loan with the proceeds of a new one and using the same property for collateral. Amortization of loans is nothing but the process of liquidation of loans or securities with the help of periodic reductions. The grace period depends on the amount of the loan and also the credit score of the borrower. This WealthHow article presents to you a glossary of banking terms and definitions that might help resolve your doubts. If any changes are made to the related interest rate that causes variations in its demand and supply. The audited statements are basically financial statements whose reliability and second effect (according to the double entry system) have been verified, cross checked and confirmed. An account value is the total value of any account, applicable when a person has many accounts and transactions in the same bank or financial institution. While some of them may be simple enough to understand, a majority of them are complicated and make you run for cover when you walk into the bank for transaction purposes. The principal amount of the loan is amortized periodically by the method of payments in installments. An installment contract is a contract where the borrower, who is also the purchaser, pays a series of installments that includes the interest of the principal amount. Indicates the acceptance of a document, agreement, proposal or a negotiable instrument by authenticating it with the help of a seal or a signature. The finances that are provided for startup companies and small businesses with prodigious growth abilities. Payments for the same amount on a regular schedule: Amount, frequency, and start date. Banking PDA abbreviation meaning defined here. An arrangement, wherein existing mortgage is refinanced with more money, with a rate of interest ranging between the old rates and current market rates. or that is) the lender can demand the full amount of loan before the date of maturity. It must be noted that debentures holders are not protected by any collateral and tend to be treated like ordinary creditors. Use this form to authorize a DIFFERENT amount each time, with an OPEN end date. Personal identification number or PIN is a secret code of numbers and alphabets given to customers to perform transactions through an automatic teller machine or an ATM. An exchange is a trade of property, assets, goods, or services for consideration of any kind. A deed which states that the seller holds the clear title of the goods or real estate to be sold. This type of insurance is very similar to whole life insurance, wherein the cash worth is invested in equity or debt sureties. Most consumer credit is unsecured with the help of a collateral.

Amortization period is the time period that is considered from the inception of the credit, investment or negotiable instrument and ends upon the maturity or expiry of the instrument. Sometimes, the term balance also refers to amount of the debt that is owed. Sometimes, the consolidation that is provided is also included in debt repayment. Sometimes, it is also considered to be the exemption or settlement of a part of debt. in PCNL procedure notes , it was mentioned that ppd done,what does PPD (ABREVIATION)stand for? An accretion bond is basically a bond that has been purchased at a discount and whose book value is incremented to the par value or the face value.
An analytical VAR is also known as the correlation VAR. Otherwise known as an article of agreement, a land contract denotes a form of contract, wherein the buyer makes periodic installment payments to the seller, in order to buy a real estate. As the name suggests, it is a check or rather an amount of check, which is above the balance available in the account of the payer. The actual delay days are the actual days of the lag times. An accrual bond is also known as range bond. Installment credit is a debt or loan that is to be returned to the lender in a set of periodic installments. Hedge is a strategy that is used to minimize the risk of a particular investment and maximize the returns of an investment. Arbitrage is the simultaneous purchase and sale of two identical commodities or instruments. A whole life insurance is a contract between the insurer and the policy owner, that the insurer will pay the sum of money on the occurrence of the event mentioned in the policy to the insured. What is PPD? This term is also used to refer to the transfer of federal funds from one bank to another over Fedwire and the transfers through the Clearing House Interbank Payments System (CHIPS) in New York. Reference: You can also read more on working capital by referring Working Capital. A grace period is an interest-free period that is to be given by a creditor to a debtor after the period of the loan gets over, before initiating the process of loss recovery. If there is any collateral pledged by the debtor, the value of such assets will be reduced from the loan amount. In the field of banking and finance, an assignment is the transfer of any contractual agreement between two or more parties. Read more: To know more about debit cards, read more on Reloadable Prepaid Debit Card and Universal Prepaid Debit Card. Z score is a measure, used in the banking field, to determine the difference between a single data point and a normal data point. Annuities are contracts that guarantee income or return, in exchange of a huge sum of money that is deposited, either at the same time or is paid with the help of periodic payments. A date set by the issuer, on which an individual must own the shares, so as to be eligible to receive the dividend. Well, we're looking for good writers who want to spread the word. Accrual basis, which is also known as accrual convention, is the method by which, investors, economists, and businessmen count the number of days in a month or a year(s). American depository receipts are traded only the United States of America.