National Electronic Funds Transfer
National Electronic Funds Transfer (NEFT) is an electronic funds transfer system maintained by the Reserve ba’nk of India (RBI). Starting in November 2005, the …
Real time gross settlement
Real time gross settlement (RTGS) systems are specialist funds transfer systems where the transfer of money or securities takes place …
Certificate of deposit
Certificate of deposit: A certificate of deposit (CD) is a time deposit, a financial product commonly sold by banks, thrift institutions, and credit unions in the …
Individual Retirement Account
An Individual Retirement Account (IRA) in the United States is a form of personal pension scheme offered by many financial …
Time deposit
A time deposit or term deposit (also known as a certificate of deposit in the United States, and as a …
Transaction account
What is a transaction account? A transaction account, also called a checking account, chequing account, current account, demand deposit account, …
Stock exchange
A stock exchange, securities exchange, or bourse, is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds, and other financial instruments. Stock exchanges may also provide …
Money market account
A money market account (MMA) or money market deposit account (MMDA) is a deposit account that pays interest based on current interest rates in the money markets. The interest rates …
Revolving credit
Revolving credit is a type of credit that does not have a fixed number of payments, in contrast to installment credit. Credit cards are an example …
