Glossary

This topic contains glossary terms and definitions.

Bank

Performs lending activities can be either directly or indirectly through the capital markets.

Branch

A branch/banking center/financial center is a retail location where a bank/credit union/ other financial institution (including a brokerage firm) offers a wide array of face-to- face and automated services to its customers.

Customer

The individuals and corporations who buy the bank’s products and services.

DDA

Demand Deposit Accounts

EOD

End of Day Accounts Continuing financial relationship between a bank and a customer, in which deposits and debts are held and processed within a framework of established rules and procedures.

Reports

A page containing information organized in a narrative, graphic, or tabular format, prepared on adhoc, periodic, recurring, regular, or as required basis. Reports may refer to specific periods, events, occurrences, or subjects.

Pareto Chart

It is a type of chart that consists of both bars and a line graph, where individual values are represented in descending order by bars, and the cumulative total is represented by the line.

Sunburst Chart

It is a type of chart that is ideal for displaying hierarchical data. Each level of the hierarchy is represented by one ring or circle with the innermost circle as the top of the hierarchy. A sunburst chart without any hierarchical data (one level of categories), looks like a doughnut chart.

Virtual Account

Virtual accounts are provided to a corporate by its banking partner. Each account is a subsidiary or sub-account of the client’s own physical account with the bank; they cannot exist outside of the immediate relationship; hence they are virtual.

Virtual Identifier

Virtual identifier serves to segregate any funds from any other funds in the same main account and yet is inextricably linked to the virtual account.