Chetra Tep                         Key Vocabulary

11)     Mortgage: loan where the purpose of loan to purchase assets but as a fixed asset.

22)     Account (ACC) name segment of a ledger recording transaction relevant to the person or a matter name.

33)     Advance (ADV): raise to a higher rank, bring forward.

44)     Certified cheque (CC): the bank verifies that sufficient fund exist in the account to cover the check.

55)     Charge (CHG): the amount of money levied for the services.

66)     Credit (CR): an amount recorded on the right side of a T-account.

77)     Forward (FWD): expected in the future.

88)     Guaranteed investment certificate (GIC): a certified statement that insure investment business.

99)     Cheque (CHQ): a draft directing a bank to pay money to a named person or entity.

1

10)Interbranch Banking (IBB): between branches of a bank.

111)Interest (INT): price paid obtaining, price received from providing money or goods in the credit transaction.

1

12)Month (MTH): a period into which a year is divided, period of 30 days.

113)Overdraft (O/D): act of overdrawing a bank account.

114)Payment (PMT): a sum of money paid in exchange for goods and services.

115)Services charge (SC): an amount added to the bill in a restaurant …

116)Safety deposit box (SDB): box which put something value from the customers.

117)Statement: a document that summarize financial activities.

118)Balance: something of equal weigh used to provide equilibrium a pair of scales.

119)Debit:   -to record a receivable in the bookkeeping

-sum of money taken out of a bank account

-an amount recorded on the left side of a T-account.

20) credit card:  a small special coded plastic card issued by a bank, business, etc. authorizing the cardholder to purchase goods or services on credit.

21) personal identification Number (PIN): is a secret code of numbers and alphabets given to customers to perform transactions through an automatic teller machine or an ATM.

22) collateral: is something of value pledged by a borrower as security for a loan.

23)  bank machine: an machine which use in the bank as ATM.

     24)  Bank book: is a book that recorded the money customer’s money in their account.

     25) Passbook: a book that recorded all financial transactions like deposit, withdrawals, and interest earned in saving account.

     26)  initial: place in the beginning, in the first position.

     27)  hydro bill: 

     28)  rent  a similar payment for the use of equipment or service

                        Profit from possession of a valuable right

     29) gas bill:  is payment of gas used.

     30) oil bill:  is  payment of oil used.

     31) phone: bill  is payment of phone used.

     32) reversal: the state of being reserved.

     33)  receipt: a written acknowledgement that a specified or sum of money has been received.

     34)   return: get something back like profit, income,..