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Home Dictionary R Retirement Money Market Account Money market accounts for retirement are money market accounts held in a retirement account such as a 401(k), individual retirement account, or IRA. These accounts bring low interest, but provide liquidity and stability. Retirement MMAs held in a bank are FDIC insured. Retirees can use retirement MMAs to write checks and withdraw funds as needed. Hot Money
September 25, 2022 Hot money is capital that investors regularly move between the economy and financial markets to profit from the highest short-term interest rates. Johannesburg Interbank Average Rate (JIBAR)
September 25, 2022 The Johannesburg Interbank Average Rate (JIBAR) is the benchmark for short-term interest rates in South Africa. Money Market Account
September 25, 2022 Money market accounts are offered by banks and credit unions and provide the benefits and features of both savings and checking accounts. Money Market Yield
September 25, 2022 Money market returns are the expected returns of money market instruments for investors. Unified Payment Interface (UPI)
September 25, 2022 Unified Payments Interface (UPI) is a smartphone banking application in India. 3-6-3 Rule
September 25, 2022 The 3-6-3 rule is a slang term for an informal practice in banking, especially in the 1950s, 1960s and 1970s, that was the result of the industry’s uncompetitive and simplistic conditions. 401(a) Plan
September 25, 2022 The 401(a) plan is employer-sponsored and both employer and employee can contribute. 403(b) Plan
September 25, 2022 403(b)s are retirement savings plans that serve employees of public schools and tax-exempt organizations. 457 Plan
September 25, 2022 Plan 457 is an IRS-sanctioned retirement plan for employees with tax benefits. Account Balance
September 25, 2022 The account balance represents the available funds or present value of an account of a particular financial account, such as a checking, savings or investment account. Account Number
September 25, 2022 The account number is a unique identifier of the owner of the service and allows access to it. Account Statement
September 25, 2022 An account statement is a periodic statement that summarizes account activity over a specified period of time. Advanced Internal Rating-Based (AIRB)
September 25, 2022 Advanced Internal Ratings (AIRB) is a way to accurately measure the risk factors of a financial firm. After-Tax Contribution
September 25, 2022 After-tax contributions can be made to the Roth account. Annual Equivalent Rate (AER)
September 25, 2022 The annual equivalent rate (AER) is the actual interest rate on investments, loans or savings accounts that can be obtained after compounding interest. Annual Percentage Rate (APR)
September 25, 2022 The annual interest rate (APR) is the annual rate charged on a loan or earned by an investment. Automated Teller Machine (ATM)
September 25, 2022 ATMs (ATMs) are electronic banking points that allow people to make transactions without going to their bank branch. Available Balance
September 25, 2022 Available balance is the balance available for immediate use in the client’s account. Back-to-Back Letters of Credit
September 25, 2022 A back-to-back letter of credit includes two letters of credit to provide financing for one transaction. Bancassurance
September 25, 2022 Bancassurance is an agreement between a bank and an insurance company, through which the insurer can sell its products to the bank’s customers. Bank
September 25, 2022 A bank is a financial institution licensed to accept deposits and issue loans. Bank Credit
September 25, 2022 A bank loan is the total amount of funds that an individual or legal entity can borrow from a financial institution. Bank Deposits
September 25, 2022 Savings and current accounts accept bank deposits. Bank Draft
September 25, 2022 A bank draft is a negotiable document, the payment of which is guaranteed by the issuing bank. Bank Guarantee
September 25, 2022 A bank guarantee is when a credit institution promises to cover losses if the borrower defaults on the loan.