BANKING TERMINOLOGY
 |
The organizational chart of the
RBI is given here, for all current values about these please do visit the
official website.
Official Website: www.rbi.org.in
Annuity: A regular annual payment of money purchased by an
immediate lump sum prepayment.
Asset: A balance sheet of business in which the value of money is
listed. They may be classified as
a) Current Assets: Consisting of cash,
stock and book debts etc.,
b) Fixed Assets: Consisting of buildings,
land, and machinery etc.,
c) Intangible Assets: Goodwill, patents,
etc.,
Bank: A bank is a financial institution which accepts money from
the people in the form of ‘deposits’ and gives advances to them in the form of
‘loans’.
Bail Out: To rescue a company that is in financial difficulties.
Balance Sheet: A statement of Economic resources or assets of a
company or other business organizations.
Bank Credit: Refers to the lending by the banking system, by
whatever means like bank advances, discounting bills or purchasing securities.
Continued...2
***
|
No comments:
Post a Comment