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Banking Terms

A-BC-E F-HI-KL-MN-OP-QR-ST-VW-Z

W

Waiver

The voluntary abandonment or surrender of some claim, right, or privilege.

WEB

A term used for “Internet-Initiated Entry”; an entry that is initiated via the internet by purchasing something from a businesses website.

©2011 NACHA - The Electronic Payments Association® All rights reserved.

Web Browser

Often simply called a “browser”; a software program that facilitates entry to and usage of the internet. The three most popular browsers are Microsoft Internet Explorer, Firefox and Safari.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.

Will

A formal, written, witnessed instrument by which a person gives instructions for the deposition of his or her estate.

Wire Transfer

A transaction by which funds are moved electronically from one bank to another, upon a customer's instructions.

Withdraw

(verb) To withdraw is the act of taking money out of an account.
Mr. Perez will withdraw one hundred dollars from his bank account.

©2010 Wordsmyth

Withdrawal

(noun) A withdrawal is the amount of money that is taken out of the account.
His withdrawal was one hundred dollars.

©2010 Wordsmyth (definition only)

WWW

An acronym for “World Wide Web”; the beginning of a URL address (example: www.texasbankandtrust.com)

Y

Yield

(verb) To yield is to gain money on your savings and investment.
(noun) A yield is the amount of money gained on your savings and investment.

Yield

A measurement of the rate of earnings from an investment, usually expressed as a percentage.

Yield To Maturity (YTM)

The internal rate of return on an investment. Typically takes into account all investment returns and their timing.

 
 

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