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Automated Clearinghouse (ACH)

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Electronic clearing and settlement system for exchanging electronic transactions among participating depository institutions; such electronic transactions are substitutes for paper checks and are typically used to make recurring payments such […]

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Automated Teller Machine (ATM) card

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A debit card that automatically withdraws money from your account.

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Automatic Transfer Service (ATS) account

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A depositor’s savings account from which funds may be transferred automatically to the same depositor’s checking account to cover a check written or to maintain a minimum balance.

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Balance

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The amount owed on a loan or credit card or the amount in a savings or investment account.

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Balance of payments

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An accounting statement of the money value of international transactions between one nation and the rest of the world over a specific time period. The statement shows the sum of […]

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Balance of trade

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That part of a nation’s balance of payments dealing with imports and exports, which is trade in goods and services, over a given period. If exports of goods exceed imports, […]

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Balance sheet

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A financial statement showing a “snapshot” of the assets, liabilities and net worth of an individual or organization on a given date.

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Balloon payment

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A large extra payment that may be charged at the end of a loan or lease.

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Bank for International Settlements (BIS)

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International organization established in 1930 and based in Basle, Switzerland, that serves as a forum for central banks collecting information, developing analyses and cooperating on a wide range of policy-related […]

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Bank Holding Company (BHC)

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Company that owns, or has controlling interest in, one or more banks. A company that owns more than one bank is known as a multibank holding company. The Board of […]

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