Banking Terminology

noun a part of a tree that grows out from the trunk or a bough

verb to divide into smaller sections or groups

• The company decided to open a new branch in a different city to expand their reach.
• Let's meet at the coffee shop branch near your house.
• I heard there's a cool new branch opening up downtown.
• The new policy is like a branch of the main idea, providing a different perspective.

noun a document issued by a bank or financial institution to a depositor as evidence of a deposit, usually with a fixed term and interest rate

• I decided to invest in a certificate of deposit to earn a fixed interest rate over a specific period of time.
• I put some money into a CD to earn some extra cash.
• I stashed some cash in a certificate of deposit to let it grow.
• Investing in a certificate of deposit is like planting a seed that grows into a financial tree.

noun a mark or tick used to indicate agreement or correctness

verb to stop or slow down the progress of something

• Please remember to check your spelling and grammar before submitting the report.
• Hey, don't forget to check if you have your keys before we leave.
• I gotta check if my phone is charged before we head out.
• It's always good to check in with yourself and see how you're feeling from time to time.

noun a record of money deposited or withdrawn from a checking account

• I opened a checking account at the bank to manage my finances.
• I set up a checking account so I can easily pay my bills online.
• I got a checking account to stash my cash.
• Having a checking account is like having a financial safety net.

noun a financial instrument that is similar to a check but is guaranteed by the issuing bank

• The company requested payment through a demand draft for security purposes.
• You can pay through a demand draft if you don't have a chequebook.
• I'll just send a demand draft to settle the bill.
• His dedication to his work was like a demand draft - unwavering and reliable.

noun a layer or mass of a mineral or other substance found in a rock or other geological formation

verb to put or set down a sum of money in a bank account or other fund

• The bank requires a deposit of at least $100 to open a savings account.
• You'll need to put down a deposit if you want to reserve the venue for your party.
• I had to drop a deposit on those concert tickets before they sold out.
• His kindness towards others is like a deposit in the bank of goodwill.

noun a written document that promises to pay a specific amount of money to a designated person or entity

• A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand or at a set time.
• I need you to sign this negotiable instrument before I can release the funds.
• Make sure you have that negotiable thingy signed before you try to cash it.
• Trust is like a negotiable instrument - once it's broken, it's hard to restore its value.

noun a deficit in a bank account caused by drawing more money than the account holds

• The customer incurred fees for going into overdraft on their checking account.
• I accidentally went into overdraft last week and had to pay a fee.
• I'm always in my overdraft, it's like a never-ending cycle.
• His emotions were in overdraft, constantly draining him of energy and positivity.

verb To withdraw more money from an account than is available, resulting in a negative balance

• The customer was notified that they had overdrawn their bank account.
• I accidentally overdraw my account sometimes when I forget to check my balance.
• I can't believe I overdrawed again, I need to start keeping track of my spending.
• Her emotions overdrawn as she tried to cope with the overwhelming stress of the situation.

noun a book in which a bank or building society records the depositor's deposits, withdrawals, and interest

• Please remember to bring your passbook when you visit the bank to update your account.
• Hey, don't forget to carry your passbook when you go to the bank.
• Make sure you've got your passbook with you before heading to the bank.
• The passbook of knowledge is filled with the experiences of a lifetime.

noun a sum of money paid or a bill settled

• The payment for the goods must be made in full before delivery.
• Don't worry, I'll make the payment for the tickets online.
• I'll Venmo you the payment for the pizza later.
• Hard work is the payment for success.

verb to write a date on a document that is later than the current date

adjective having a date that is later than the current date

• The customer requested a postdated check for next month's rent.
• I asked the landlord if I could write a postdated check for the security deposit.
• I'll just postdate the check so it doesn't bounce.
• Her promises were like postdated checks, never to be fulfilled.

noun a secure room or vault used for storing valuables or important documents

• The valuable documents are kept securely in the strong room.
• I heard there's a rumor that the strong room is filled with hidden treasures.
• Let's sneak into the strong room and see if we can find anything cool.
• Her mind was like a strong room, locked tight against any intruders.

noun a person who tells or counts something, such as a bank teller who counts money or a storyteller who narrates a story

• The bank teller processed my withdrawal request efficiently.
• The teller at the grocery store was really friendly.
• The teller at the concert was lit!
• As a storyteller, she was a masterful teller of tales.

noun a secure room or compartment, typically used for storing valuables or important documents

verb to jump or leap over something using one's hands or a pole for support

• The bank manager opened the vault to access the safe deposit boxes.
• I heard there's some cool stuff in the vault at the old abandoned mansion.
• Let's sneak into the vault and see if we can find anything valuable.
• Her memories were locked away in a vault, hidden from the world.

noun a place in which something is lodged or deposited

• The lodgement of the legal documents was completed at the courthouse.
• I made the lodgement for our hotel reservation online.
• I'll handle the lodgement of the paperwork, no worries.
• His lodgement of emotions was evident in his expressive artwork.

noun a place where books are collected and stored for lending or borrowing

• The university library has a book bank where students can borrow textbooks for the semester.
• Hey, did you know there's a book bank on campus where you can get free textbooks?
• I heard there's a book bank at the library where you can snag some books for your classes.
• The book bank of knowledge is always open for those who seek to learn.

noun the period of time allowed for the payment of a bill of exchange

• The usance of this trade agreement is 30 days.
• We usually pay within the usance period to avoid any penalties.
• Let's try to stretch the usance a bit to give us more time to make the payment.
• The usance of tradition in this family is deeply ingrained.

noun a shortened form of Financial Literacy, which refers to the knowledge and skills needed to make informed financial decisions

adjective describing something related to financial literacy

• Financial literacy, often referred to as FinLit, is an important skill for managing personal finances.
• I need to work on my FinLit so I can make better decisions with my money.
• My FinLit game is strong after taking that finance course.
• Improving your FinLit is like adding a powerful tool to your financial toolbox.

noun A machine that dispenses cash and performs other banking services

• I need to withdraw some cash from the ATM before we go to dinner.
• I'm gonna hit up the ATM real quick to grab some money.
• I'll just swing by the ATM to get some cash, no biggie.
• She's like an ATM, always dispensing advice and support whenever I need it.

noun a person's agreement to receive or take something

preposition used to indicate the purpose or reason for which something is done

• The bank will only release the documents upon acceptance for honor of the bill of exchange.
• You need to officially accept for honor the payment in order to proceed with the transaction.
• If you don't accept for honor the terms, we can't move forward with the deal.
• Sometimes we have to accept for honor the challenges life throws at us in order to grow stronger.

noun a word that functions as the name of a specific person, place, thing, or idea

adverb a word that modifies or describes a verb, adjective, or another adverb

preposition a word that shows the relationship between a noun (or pronoun) and other words in a sentence

• The buyer's acceptance supra protest indicated their willingness to proceed with the transaction despite the issues raised.
• Even with the complaints, the customer's acceptance supra protest showed they were still on board.
• Dude, I can't believe she still accepted it supra protest, she's too nice.
• Her acceptance supra protest was like a green light to continue, no matter what obstacles came up.