Banking

Nostro Account vs. Vostro Account “Nostro” and “Vostro” are terms used to describe a bank account that one bank has

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

What Is Tier 1 Capital? Tier 1 capital refers to the core capital that a bank uses to fund its

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

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

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

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

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

What Is a Demand Deposit? Â A DDA account is a bank account that allows the account holder to withdraw

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