Banking Vocabulary

noun a debt that is unlikely to be recovered or paid off

adjective referring to a debt that is considered unlikely to be repaid

• The company had to write off a significant amount of bad debt this quarter.
• I heard that John's business is struggling because of all the bad debt he's accumulated.
• Don't lend money to Mark, he's known for racking up bad debt.
• Ignoring your responsibilities is like accumulating bad debt in your life.

noun a book in which a bank records the depositor's current account transactions

• She kept meticulous records of her finances in her bankbook.
• I need to update my bankbook with the latest transactions.
• I lost my bankbook, now I have no idea how much money I have.
• His bankbook of memories was filled with moments of joy and sorrow.

noun a book of blank checks that are used for making payments from a bank account

• I always keep my checkbook balanced to ensure accurate financial records.
• Don't forget to grab your checkbook before we head to the store.
• I never use my checkbook anymore, everything is digital now.
• Her generosity is like a blank checkbook, always ready to help others in need.

noun a signature added to a document after it has been signed by someone else, to confirm its authenticity or to approve its contents

• The document requires the CEO to countersign before it can be considered valid.
• Hey, can you countersign this for me real quick?
• I'll sneak you in if you countersign my entry pass.
• Her smile seemed to countersign his decision to pursue his dream.

noun A measurement of an individual's or organization's creditworthiness based on their credit history and financial behavior.

• The bank will consider your credit rating when determining your eligibility for a loan.
• I heard that Sarah's credit rating is really good, so she was able to get a low interest rate on her car loan.
• Dude, my credit rating took a hit after missing a few payments last year.
• Your credit rating in the eyes of your peers can determine how trustworthy you are in their eyes.

noun An entry recording a sum received, listed on the right-hand side or column of an account.

verb Publicly acknowledge someone as a participant in the production of (something published or broadcast).

• The bank approved her application for a credit card.
• I used my credit to buy a new laptop.
• I don't have enough credit to get that new phone.
• Her hard work and dedication deserve all the credit for the success of the project.

noun a place where things are stored or deposited, such as a bank or warehouse

• The bank serves as a depository for customers' funds.
• I'll just drop off the cash at the depository on my way home.
• Let's stash the goods in the depository until we can move them.
• Her mind is a depository of knowledge on the subject.

noun the act of disbursing money or funds

• The disbursal of funds will be processed once all necessary documentation is submitted.
• The disbursal of the payment will happen once everything is sorted out.
• We'll get the disbursal once we jump through all the hoops.
• The disbursal of knowledge from the teacher to the students was evident in the classroom.

noun a book or other collection of financial accounts of a particular type

• The accountant meticulously recorded all financial transactions in the ledger.
• Hey, can you jot down that expense in the ledger for me?
• I'll just scribble it in the ledger real quick.
• Her mind was a ledger of memories, each one carefully cataloged and stored.

verb to give something to someone for a period of time, expecting it to be returned

• I am willing to lend you my textbook for the semester.
• Sure, I can lend you some cash until your next payday.
• I can totally lend you a hand with that project, no problem.
• His charisma seemed to lend an air of charm to the entire event.

verb to eliminate or dispose of (something) completely

• The company decided to liquidate its assets in order to pay off its debts.
• They had to liquidate all their stocks to cover the cost of the repairs.
• I heard they're going to liquidate the whole operation and start fresh.
• She felt like her dreams were being liquidated when she had to give up her passion for a stable job.

noun a sum of money that is borrowed and expected to be paid back with interest

verb to lend (someone) something, typically money, under an agreement that the borrower will return the same amount at a later date

• The bank approved my loan application for a new house.
• I had to take out a loan to pay for my car repairs.
• I'm broke, so I might have to ask for a loan from my friend.
• She felt like she was borrowing happiness on loan, knowing it wouldn't last forever.

verb past participle of the verb 'overdraw', which means to draw more money from a bank account than is available

adjective excessively drawn or stretched beyond the normal limits

• The customer's account was overdrawn due to an unauthorized transaction.
• I accidentally overdrawn my account by spending too much last month.
• I totally overdrawn my account and now I'm broke.
• Her emotions were overdrawn after the breakup, causing her to retreat from social activities.

noun a written promise to pay a specified sum of money to a specified person at a specified time

• The borrower signed a promissory note outlining the terms of the loan.
• I had to sign a promissory note before getting the money from the bank.
• I'll pay you back, just write up a promissory note for me.
• Her commitment to the project was like a promissory note, guaranteeing her dedication.

verb to restore friendly relations between

adjective no longer in conflict or disagreement

• After a long discussion, the two parties finally reconciled their differences.
• I heard they reconciled after that big fight.
• They squashed the beef and reconciled in the end.
• The colors of the painting were so different, yet somehow they reconciled perfectly.

verb to fund or finance again; to provide money for something again

• The customer was pleased to be refound for the defective product.
• I finally got refound for that overpriced item I bought.
• I was so happy when I got refound for that rip-off!
• Her lost confidence was refound through therapy and self-discovery.

verb to send back or transmit (money, payment, etc.)

adjective canceled or forgiven (a debt, punishment, etc.)

• The patient's symptoms have remitted after receiving the appropriate treatment.
• Luckily, the pain has remitted since taking the medication.
• I can't believe how quickly my cold remitted with that new medicine!
• The tension between the two countries has remitted slightly since the peace talks began.

noun a sturdy and secure box or safe used for storing valuable items

• The valuable documents were securely stored in the strongbox.
• I keep my cash in the strongbox under my bed.
• I stashed the goods in the strongbox to keep them safe.
• Her heart was like a strongbox, guarded against any emotional intrusion.

verb to remove or take away something, especially money from a bank account

• The customer decided to withdraw their funds from the bank.
• I'm going to withdraw some cash from the ATM later.
• I need to withdraw some dough for the concert tickets.
• He chose to withdraw his support from the political candidate.

noun the money held in a demand deposit account

• A demand deposit is a type of account where funds can be withdrawn at any time without prior notice.
• I keep my emergency savings in a demand deposit account so I can access it quickly if needed.
• I always make sure to have some cash in my demand deposit for a rainy day.
• Her trust in him was like a demand deposit, always there when she needed it the most.

verb to resign from a position or office, especially in a formal manner

• The employee decided to demit from their position at the company.
• I heard Sarah is planning to demit from her job next month.
• I can't believe he just up and demitted without any notice.
• Sometimes it's necessary to demit from toxic relationships in order to find peace.

noun a person or organization that issues something, such as stocks, bonds, or official documents

• The issuer of the bond is responsible for making interest payments to the bondholders.
• The credit card issuer sent me a new card in the mail.
• I heard the issuer of the stock is a big player in the market.
• As the issuer of the statement, he had to take responsibility for its accuracy.

noun an arrangement allowing a customer to buy goods or services on credit

• The company was approved for a $1 million credit line from the bank.
• I just got my credit line increased to $10,000!
• I maxed out my credit line buying all those new clothes.
• His creativity has no credit line; it's limitless.

noun a secure container used for storing cash or other valuables

• The cashier securely locked the cash box after closing hours.
• Hey, can you grab the cash box from under the counter?
• I heard someone tried to swipe the cash box last night.
• Her mind is like a locked cash box, no one can access her thoughts easily.

noun change - coins or bills used to make a purchase or exchange for other currency

• The change machine at the laundromat was out of order.
• Hey, can you help me find the change machine in this place?
• I always hit up the change machine at the arcade before playing any games.
• Sometimes I wish I had a change machine for my thoughts, so I could switch them out for better ones.

noun a word that represents a person, place, thing, or idea

verb a word that expresses an action or a state of being

pronoun a word that takes the place of a noun in a sentence

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

article a word that is used to specify a noun as definite or indefinite

• I had to loan something from someone in order to complete the project on time.
• I asked my friend to loan me something for the party tonight.
• Can you hook me up and loan something from someone for the weekend?
• Sometimes we need to loan something from someone in terms of support and guidance during tough times.

noun a person or entity who accepts a bill of exchange or promissory note for payment after it has been protested for non-payment by the original acceptor

• The bank agreed to act as the acceptor supra protest for the bill of exchange.
• The bank said they would be the acceptor supra protest for the bill.
• The bank is cool with being the acceptor supra protest for the bill.
• The bank is taking on the role of acceptor supra protest, no questions asked.

noun a type of promissory note or negotiable instrument used in business transactions

• The accommodation paper outlines the terms and conditions of the rental agreement.
• Make sure you read through the accommodation paper before signing anything.
• I skimmed through the accommodation paper and everything seems good to me.
• The accommodation paper acts as a roadmap for your stay in the new city.

noun an official record of financial transactions

adjective referring to the most recent status or balance of an account

• Please submit your account current for review by the finance department.
• Make sure to update your current account before the deadline.
• Don't forget to check your account status before it's too late.
• Keeping your account current is like staying on top of your financial game.

noun A word that represents a person, place, thing, or idea. In this case, 'account day' is a noun as it represents a specific day related to accounting or financial matters.

• On account day, all financial transactions are carefully reviewed and recorded.
• Account day is when we have to go through all the boring paperwork for the month.
• I hate account day, it's such a drag having to deal with all the numbers.
• For me, account day is like facing a mountain of paperwork that never seems to end.

noun a record or statement of financial expenditure or receipts relating to a particular period or purpose

verb to consider or regard in a specified way

• The company's financial accounts need to be audited annually.
• I need to check my bank accounts before making any big purchases.
• I can't believe she hacked into his social media accounts!
• His reckless behavior on the road could be seen as settling old accounts.

adjective able to be advanced or progressed

• The new software has an advanceable feature that allows users to customize their experience.
• I heard the new phone is advanceable, meaning you can upgrade it easily.
• The game has an advanceable level where you can unlock special powers.
• His skills are advanceable, meaning he has the potential to improve with practice.