overdraft rate
1Overdraft — I warn you, Sir! The discourtesy of this bank is beyond all limits. One word more and I I withdraw my overdraft! Cartoon from Punch Magazine Vol. 152, June 27, 1917 An overdraft occurs when money is withdrawn from a bank account and the… …
2Overdraft fee — Unauthorized overdraft fees (sometimes called paid referral fees ) are fees charged by banks on various types of bank accounts, usually current or checking accounts. In the United States alone, overdraft fees bring in billions of dollars every… …
3overdraft — a form of loan by which a person with a trading bank current account is given permission to continue making drawings on the account up to an agreed limit, after the balance has been reduced to nil. Glossary of Business Terms Provision of instant… …
4Effective interest rate — The effective interest rate, effective annual interest rate, Annual Equivalent Rate (AER) or simply effective rate is the interest rate on a loan or financial product restated from the nominal interest rate as an interest rate with annual… …
5prime rate — The rate of interest charged by US banks to their best borrowers. This is not the same as the UK base rate, as even the best borrowers in the UK normally pay a margin over the base rate for an overdraft. The prime rate is therefore a lending rate …
6effective annual rate — UK US noun [C] (also effective annual interest rate) ► FINANCE the actual rate of interest paid or charged over one year: »The effective annual rate is the amount of interest charged on an overdraft, not including any fees or charges …
7EAR — earnings at risk (EAR) The quantity by which net income is projected to decline in the event of an adverse change in prevailing interest rates. One measure of an institution s exposure to adverse consequences from changes in prevailing interest… …
8Transactional account — Banking A series on Financial services …
9ECONOMIC AFFAIRS — THE PRE MANDATE (LATE OTTOMAN) PERIOD Geography and Borders In September 1923 a new political entity was formally recognized by the international community. Palestine, or Ereẓ Israel as Jews have continued to refer to it for 2,000 years,… …
10Debit card — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl …
