financial credit back synonym

A law that requires taxes to be deducted from your pay to contribute to Social Security and Medicare; your employer contributes the same amount on your behalf. This is an interest-bearing account for which the bank must reserve the right to require the depositor to provide at least seven days notice of his/her intent to withdraw funds. An organization or person that lends money with the expectation that it will be repaid, generally with interest. The act of using money to buy goods or services. A financial institution and business that accepts deposits, makes loans, and handles other financial transactions. (Most of the time.). 1) The location at which a transaction takes place. The practice of comparing prices, features, benefits, risks, and other characteristics of two or more similar products or services. A community for which the Federal Emergency Management Agency (FEMA) has authorized the sale of flood insurance under the National Flood Insurance Program (NFIP). Credit report. You can choose the payment term and dollar amount that best fits your budget. financial arrangements. A strong. If you owe money to a person or company, they can obtain a court order directing your bank to take money out of your account to pay off your debt. You can use it the same way you would use the original check." The term interest is used to describe the cost of using money, a right, share, or title in property. A federal law that provides special protections for active duty servicemembers, like capping interest rates on many loan products. When the amount of money withdrawn from a bank account is greater than the amount actually available in the account, the excess is known as an overdraft, and the account is said to be overdrawn. Under the Equal Credit Opportunity Act, a creditor's refusal to grant credit on the terms requested, termination of an existing account, or an unfavorable change in an existing account. Loans in which your property (a thing you own) is used as collateral; if you cannot pay back the loan, the lender takes your collateral to get their money back. An optional or extra payment a customer gives to an employee. Debit cards may be used to obtain cash from automated teller machines or purchase goods or services using point-of-sale systems. Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. Keep in mind to only set realistic amounts, whether your proposal's purpose is to gather additional financial support or to get funds for your startup business. (The bank may refer to this as a Durable Power of Attorney: The principal grants specific rights to the agent). Someone or something named to receive proceeds or benefits. Any note or other time instrument of indebtedness that has not been paid on the due date. A degree usually awarded for at least four years of full-time academic study beyond high school. Consolidation means that your various debts, whether they are credit card bills or loan payments, are rolled into a new loan with one monthly payment. When you earn interest on both the money you save and the interest you earn. JavaScript is disabled. The face of the check bears the words "certified" or "accepted," and is signed by an official of the bank or thrift institution issuing the check. A program that provides part-time jobs to help you earn money to pay for college expenses. A degree usually awarded for at least two years of full-time academic study beyond high school. An agency that collects individual credit information and sells it for a fee to creditors so they can make a decision on granting loans. These subsidiaries are companies that are owned or controlled by a national bank and that, among other things, offer banking products and services such as loans, mortgages, and leases. An overdraft occurs when you dont have enough money in your account to cover a transaction, but the bank pays the transaction anyway. The unauthorized movement or disclosure of sensitive information to a party, usually outside the organization, that is not authorized to have or see the information. The Federal regulatory agency that charters and supervises Federal credit unions. See related question about Debt-to-Income Ratio. The primary benefit of a cashier's check is that the recipient of the check is assured that the funds are available. The necessary debits and credits are made through an Automated Clearing House (ACH). A type of 529 plan that allows families to pay tuition ahead of time for specific colleges or college systems at todays tuition rates. The percentage of a consumer's monthly gross income that goes toward paying debts. Self Credit Builder: Build Credit. Build Savings. Build Dreams. It can be deducted directly from taxes owed. Check 21 is a Federal law that is designed to enable banks to handle more checks electronically, which is intended to make check processing faster and more efficient. (Also called a charge account or open-end credit.). A clause in a mortgage allowing the mortgagor to pay off part or all of the unpaid debt before it becomes due. The signature signifies that. If the loan is not paid back as agreed, the lender can also start debt collection, file negative information on your credit report, and might sue you. . A check for your salary or wages made out to you. Joelline Senior Member. FACT SHEET: President Biden Announces New Actions to Provide Debt terms for financial credit - words and phrases with similar meaning. Synonyms for Financial credit - Classic Thesaurus Goals that can take more than five years to achieve. The person who writes a check or draft instructing the drawee to pay someone else. 2023. The process used to imprint or inscribe MICR characters on checks, deposits, and other financial instruments. the right to take possession of goods before paying for them, because of their reputation for not paying their bills, no store will extend the family, mental conviction of the truth of some statement or the reality of some being or phenomenon, public acknowledgment or admiration for an achievement, the power to direct the thinking or behavior of others usually indirectly, despite his legal woes, he has not yet lost all his, to explain (something) as being the result of something else, Palter, Dissemble, and Other Words for Lying, Skunk, Bayou, and Other Words with Native American Origins, Words For Things You Didn't Know Have Names, Vol. See related questions about Credit Disputes. The complete repayment of a loan, including principal, interest, and any other amounts due. Something that is a disadvantage, money owed, or a debt or obligation according to law. 1) The amount of uncollected funds represented by checks in the possession of one bank but drawn on other banks. This type of loan is sometimes referred to as a second mortgage or borrowing against your home. Silicon Valley Bank, which was recently acquired by First Citizens BancShares, has resumed lending to . Used to indicate that a certain amount of a customer's balance may not be withdrawn until an item has been collected, or until a specific check or debit is posted. The notice required by the Equal Credit Opportunity Act advising a credit applicant or existing debtor of the denial of their request for credit or advising of a change in terms considered unfavorable to the account holder. There is typically a maximum (or ceiling) and a minimum (or floor) defined in the loan agreement. Financial Terms Glossary | Consumer Financial Protection Bureau The usury rate is generally set by State law. Savings bonds are issued in face value denominations by the U.S. Government in denominations ranging from $50 to $10,000. A structure, built on a permanent chassis, transported to a site in one or more sections, and affixed to a permanent foundation. This is usually done to obtain a lower interest rate on the outstanding balance. See related question about NOW Accounts. Examination of a bank's assets, income, and expenses-as well as operations by representatives of federal and state bank supervisory authority-to ensure that the bank is solvent and is operating in conformity with banking laws and sound banking principles. The Fair Debt Collection Practices Act is a set of United States statutes added as Title VIII of the Consumer Credit Protection Act. longest river in the world. This type of card has a network logo on it. There are several types of Federal benefits that are not automatically protected under 31CFR 212: Federal benefits received by check rather than direct deposit; Federal benefits received more than two months before the bank received the garnishment order or Federal benefits that were transferred to another bank account. duties and responsibilities of the card issuer. A fee charged by a lender to make a loan (in addition to the interest charged to the borrower). Once canceled, a check is no longer negotiable. Credit cards may be the most ubiquitous. Insurance offered by a private insurance company that protects the bank against loss on a defaulted mortgage up to the limit of the policy (usually 20 to 25 percent of the loan amount). An index-linked CD is a deposit obligation of the issuing bank and is often sold through bank branches and affiliated and unaffiliated brokers. Note: This feature currently requires accessing the site using the built-in Safari browser. An asset that secures a loan or other debt that a lender can take if you don't repay the money you borrow. A portion of a deposit balance that has not yet been collected by the depository bank. The ability to borrow or to purchase goods and services with payment delayed beyond delivery. See related questions about Funds Availability. The amount of expenses the insured must pay before the insurance company will contribute toward the covered item. If not, the power of attorney usually expires when the person granting it dies. A savings account from which withdrawals can be made by negotiable orders of withdrawal (functional equivalent of checks). An account at a bank (sometimes called a share savings account at a credit union) used to set aside money and that pays you interest. The borrower pays the premium. A higher education institution whose programs and activities are operated by publicly elected or appointed school officials and which is supported by public funds. The consumer makes equal monthly payments of principal and interest until the debt is paid in full. MLA includes servicemembers on active Guard or active Reserve duty, as well as spouses and certain dependents. Download a PDF version of the Financial terms glossary . See related question about Lien Release. See related questions about Electronic Transactions. These schemes are fraudulent. See related questions about Property & Home Insurance. Money earned or received such as wages or salaries, tips, commissions, contracted pay, government transfer payments, dividends on investments, tax refunds, gifts, and inheritances. 153 Synonyms and Antonyms for Credit | YourDictionary.com A percentage of a sum borrowed that is charged by a lender or merchant for letting you use its money. A type of safe usually located in groups inside a bank vault and rented to customers for their use in storing valuable items. Tips go beyond the stated amount of the bill and are given voluntarily. A tax on retail products based on a set percentage of the retail price. APA: Classic Thesaurus. A service which specializes in working with consumers who are overextended with debts and need to make arrangements with creditors. See related questions about ATM/Debit cards. A bill-paying method you set up with your bank or credit union. Can be a synonym for occupation. (Mutual funds are not covered by FDIC insurance). Any interest rate or dividend that changes on a periodic basis. The balance in an account. The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. The nine-digit number on a Social Security card, an important piece of identification issued by the federal government that you'll need to get a job and collect government benefits. A financial instrument held by a third party on behalf of the other two parties in a transaction. The activity of making, buying, or selling goods or providing services in exchange for money. Employment authorization form. Federal loans also include benefits that private student loans dont usually offer. A debit card allows the account owner to access their funds electronically. A degree usually awarded for one or two years of full-time academic study beyond a bachelors degree. Homeowners often use a home-equity loan for home improvements, to pay for a new car, or to finance their child's college education. A time deposit (also known as a term deposit) is a money deposit at a bank that cannot be withdrawn for a certain "term" or period of time. A small-dollar, short-term loan that a borrower promises to repay out of their next paycheck or deposit of funds. An amount of money someone earns for selling something. A checkless system for paying recurring bills with one authorization statement to a financial institution. The signature authorizes that person to conduct business on behalf of the account. A way of obtaining a better interest rate, lower monthly payments, or borrow cash on the equity in a property that has built up on a loan. Not all prepaid cards charge inactivity fees. Taxes on property, especially real estate, but also can be on boats, automobiles (often paid along with license fees), recreational vehicles, and business inventories. Silicon Valley Bank Gets Back to Lending, Albeit at Slower Pace An account held in the name of a decedent that is administered by an executor or administrator of the estate. Coinsurance in insurance, is the splitting or spreading of risk among multiple parties. When a new friend says they like or love you, but they really just want your moneyand may not be who they say they are. Other businesses might use your credit reports to determine whether to offer you insurance; rent a house or apartment to you; or provide you with cable TV, Internet, utility, or cell phone service. If you have multiple credit card accounts or loans, consolidation may be a way to simplify or lower payments. Essentially, when the bank or other financial institution makes a loan, it "credits" money to the borrower, who must pay it back at a future date. You can use money to buy goods and services. the signature of the drawer is genuine, and. vised word embedding based approach with an unsupervised pattern discovery based approach. The term "shadow bank" was coined by economist Paul McCulley in a 2007 speech at the annual financial symposium hosted by the Kansas City Federal Reserve Bank in Jackson Hole . An extension of credit from a financial institution that is guaranteed by a Federal or State government entity to assist with tuition and other educational expenses. The only exceptions are those records that fall into one of nine exempted categories listed in the statute. Posters, signs, television commercials, radio spots, and other media that businesses use to promote products or services. Some fixed expenses, like a utility bill, may also be variable because the amount changes each month depending on usage. Each check in encoded at the bottom with the dollar amount of the check. A fee charged every time you use the card for a certain type of transaction. Each share represents an investors part ownership in the fund and the income it generates. A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness. bicycle,motorcycle,scooter. An investment product such as a stock or bond. The primary regulators are the following: A real estate loan which is in a first lien position, taking priority over all other liens. When is faith a more appropriate choice than credit? Collection items are usually subject to special instructions and may involve additional fees. credit back to definition | English definition dictionary | Reverso A financial institution like a bank or credit union that is authorized to accept checking and saving deposits. When someone steals your Social Security number to file a tax return claiming a fraudulent refund; may also be called tax-filing-related identity theft. A percentage rate reflecting the total amount of interest paid on a deposit account based on the interest rate and the frequency of compounding for a 365-day year. An open-ended loan that allows you to borrow money up to a certain limit and carry over an unpaid balance from month to month. Includes both personal and business or corporate income taxes. These loans are from private organizations, such as banks and credit unions, which set their own terms and conditions. See related questions about Forgery. The maximum amount of credit that is available on a credit card or other line of credit account. Also, a penalty imposed by a card issuer against a cardholder's account for failing to make minimum payments. Something you spend your money on that you expect will earn a financial return. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. A form of extending an unpaid loan in which the borrower's remaining unpaid loan balance is carried over (renewed) into a new loan at the beginning of the next financing period. A person or organization that borrows something, especially money from a bank or other financial institution. Most real estate and automobile loans are closed-end agreements. The written agreement between a borrower and a lender in which the terms and conditions of the loan are set. A time of day established by a bank for receipt of deposits. Any day on which offices of a bank are open to the public for carrying on substantially all of the bank's business. 3. The Supreme Court on Friday struck down President Joe Biden's federal student loan forgiveness plan, denying tens of millions of Americans the chance to get up to $20,000 of their debt erased . credit back synonym | English synonyms dictionary | Reverso If requested soon enough, the check will not be debited from the payer's account. A savings tool from a bank or credit union that has a fixed maturity date and a fixed interest rate. How to Get a Loan As an Immigrant - Business Insider See related questions about Flood Insurance. A business day during which an office of a bank is open to the public for substantially all of its banking functions. An amount paid back because of an overpayment or because of the return of an item previously sold. See related question about Prepayment. A regulatory tool that the OCC may use to correct problems or effect change in a national bank. Most banks impose a special fee, called a collection charge, for handling collection items. An entity that provides information about a consumer to a consumer reporting agency for inclusion in a consumer report. A tax on products imported from foreign countries. Compensation received by employees for services performed. Any financial institution that issues bank cards to those who apply for them. See related questions about Trusts. Like a 401(k) or IRA retirement plan, your account could go up or down depending on market performance. See related questions about Garnishments. An extension of credit from a financial institution that is guaranteed by a Federal or State government entity to assist with tuition and other educational expenses. Documents that fall into this category include non-tax-related bank and credit card statements, investment statements, pay stubs and receipts for large purchases. Federal law that, among other things, requires lenders to provide "good faith" estimates of settlement costs and make other disclosures regarding the mortgage loan. Not all states and localities have income taxes. The insureds request for payment due to loss incurred and covered under the policy agreement. See related questions about Personal & Auto Loans. The federal government collects taxes based on the earnings of individuals and businesses, called an income tax. Compensation received by an employee for services performed. This cost includes deductibles, copayments, and amounts paid for services or repairs that are excluded from coverage. For example, if your statement cycle date was January 10 and the bank received your payment on January 20, there were ten days for which interest accrued. The loan must be repaid when you die, sell your home, or no longer live there as your principal residence. An account that has little or no activity; neither deposits nor withdrawals having been posted to the account for a significant period of time. The process of analyzing two related records and, if differences exist between them, finding the cause and bringing the two records into agreement. Investors should carefully review the investment risk considerations detailed in the relevant offering documents and disclosure statements. PDF Term Expansion and FinBERT ne-tuning for Hypernym and Synonym Ranking This score represents the answer from a mathematical formula that assigns numerical values to various pieces of information in your credit report. This includes all the income, wages, and tips you get from working. See related questions about Debit Cards. After the cut-off time, deposits are considered received on the next banking day.See related question about Deposit Cut-Off Time. 6. Generally, information remains on ChexSystems for five years. A specific arrangement where you do tasks for an employer. 10 Words and Phrases for Financial Credit - Power Thesaurus See related questions about Savings Bonds. A Federal law that mandates that all the records created and kept by Federal agencies in the executive branch of government must be open for public inspection and copying. The costs of closing may include the origination fee, discount points, attorneys' fees, loan fees, title search and insurance, survey charge, recordation fees, and the credit report charge. ChexSystems only shares information with the member institutions; it does not decide on new account openings. (2013). A service you set up with a bank, credit union, prepaid card account, or a business you owe money to that lets you pay bills online or through a mobile app. The budget is one of the main components of a financial proposal. See related questions about Certificates of Deposit. Money looks different in different places around the world. Legal claim against a property. Desert Financial Credit Union Gives Back $5 Million+ In COVID-19 Relief An account at a bank, insurance company, or other financial institution that lets you set aside pre-tax money, sometimes directly from your paycheck, to pay for eligible medical expenses. A sworn statement in writing before a proper official, such as a notary public. Your EFC index number is reported to you on your Student Aid Report. Generally, any loan in which the amount advanced, plus any finance charges, is expected to be repaid in full by a specified date. To save this word, you'll need to log in. Interest that continues to accrue on your credit card balance from the statement cycle date until the bank receives your payment. The amount of money you plan to put aside for a specific purpose. Synonyms for CREDIT: faith, credence, belief, confidence, acknowledgment, trust, reliance, ascription; Antonyms for CREDIT: discredit, dishonor, unbelief, cash . As a result of using a fraudulent scheme, individuals will lose money, could lose property, will damage their credit rating, and possibly incur additional debt. The number of days you have to pay your bill in full before finance charges start. To participate, the investor may pay fees and expenses. The check itself is not the method of payment.See related question about Check 21. See related question about Residual Interest. The Truth in Lending Act is a Federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. Lists. The Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. For example, a closed-loop card might be good only at a specific store or group of stores or on your public transportation system. Individual tax identification number (ITIN), if you do not have a . A substitute check is a paper copy of the front and back of the original check. A mortgage with payments that remain the same throughout the life of the loan because the interest rate and other terms are fixed and do not change. An official website of the United States government. The borrower is only billed for the amount that is actually borrowed plus any interest due. 2 Pay off your Credit Builder Account in the specified amount of time. of or relating to money, banking, or investments, Post more words for financial to Facebook, Share more words for financial on Twitter, Palter, Dissemble, and Other Words for Lying, Skunk, Bayou, and Other Words with Native American Origins, Words For Things You Didn't Know Have Names, Vol. An individual or financial institution that lends money with the expectation that the money will be returned with interest. It is the total amount of funds financial institutions provide to an individual or . . You also can use this plan to help pay tuition at public, private, or religious schools from kindergarten through 12th grade. How to use financial backing in a sentence "I could see him doing some kind of entrepreneurial play in news with financial backing ," says one source close to Zucker. An itemized memorandum of the cash and other funds that a customer presents to the bank for credit to his or her account. A deceased person, ordinarily used with respect to one who has died recently. 3 A savings account that offers a higher rate of interest in exchange for larger than normal deposits. See related questions about Flood Insurance. The idea that you are less likely to be careful when you are shielded from the consequences of your actions. The holder is not necessarily the insured. See related questions about Credit Disputes. PAYBACK Synonyms: 20 Synonyms & Antonyms for PAYBACK | Thesaurus.com A time deposit evidenced by a negotiable or nonnegotiable instrument specifying an amount and maturity. Money given in the form of grants, work-study, loans, and scholarships to help pay for post-secondary tuition and fees, as well as related expenses such as room and board, books, supplies, and transportation.

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