Nostro Account vs. Vostro Account “Nostro” and “Vostro” are terms used to describe a bank account that one bank has on deposit with another,

Investment Banks vs. Merchant Banks: An Overview There are two different types of financial institutions known investment banks and merchant banks. These banks are

What Is Tier 1 Capital? Tier 1 capital refers to the core capital that a bank uses to fund its business activities for clients.

What Is an Overdraft? An overdraft happens when you don’t have enough money to cover a transaction, but the bank allows it anyway. Even

What Is a Money Order? A money order is a certificate, usually issued by a government or banking institution, that allows the stated payee

What Is Disbursement? Paying out money is called disbursement. This term can describe injecting money into a business’ operating budget, delivering a loan amount

What Is a Credit Union? Ranging in size from small, volunteer-only operations to large entities with thousands of participants spanning the country, credit unions

What Is a Depository? A depository is a facility where something is deposited for storage or protection. It can also be an institution that

What Is a Demand Deposit?   A DDA account is a bank account that allows the account holder to withdraw deposited funds at any

What Is a Commercial Bank? Most people do their banking at a commercial bank, a financial institution that accepts deposits, offers checking account services,