Articles

A Payee is a person or entity that receives payment for a b…

An Overdraft is a financial arrangement that allows an acco…

Non-Performing Loan (NPL) refers to a loan in which the bor…

Net Interest Margin (NIM) refers to the difference between …

A Mutual Fund is a financial vehicle that pools money from …

A "Mortgage" is a loan used to purchase real estate, where the pro…

A "Money Market Deposit Account" (MMDA) is a type of savings accou…

"Mobile banking" refers to the use of mobile devices like smartpho…

"Merchant banking" refers to a financial service that provides cap…

The "maturity date" is the specified date on which the principal a…