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Lesson 10 (Common business terminology)
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Discussion on banking terminology.

Chandan Poddar
Teacher, Author and consultant. Presently teaching at www.escholars.in.

U
Unacademy user
mam sound etc is right , but Freedom Struggle start kijiye , this all is more important for mains , if this prelims revision national freedom movement must be focused on and covered
Arpita Prakash
2 years ago
reform movements are as important in prelims as are the other topics !
Naresh Csea
2 years ago
some great lessons come along with us , trace us and our mind doesn't accept to erase the impact of that great lesson , it doesn't let us to sleep at nights . Arpita prakash madam lessons belongs to this category . Thank you so much madam for your contribution towards students ..
Naresh Csea
2 years ago
some great lessons come along with us , trace us and our mind doesn't accept to erase the impact of that great lesson , it doesn't let us to sleep at nights . Arpita prakash madam lessons belongs to this category . Thank you so much madam for your contribution towards students ..
Arpita Prakash
2 years ago
it really means a lot Naresh :)
from last one year i was follow u and ur teaching style is the best
Thank u sir God bless u abundantly ❤️❤️
  1. BANKING TERMINOLOGY


  2. Acceptance Acceptance which is also known as the banker's acceptance is a signed instrument of acknowledgment that indicates the approval and acceptance of all terms and conditions of any agreement on behalf of the banker. It is a very wide term that is used in context with financial agreements and contracts


  3. Accepting House An accepting house is a banking or finance organization that specializes in the service of acceptance and guarantee of bills of exchange. This organization specializes in two prominent functions, that is facilitating the different negotiable instruments and merchant banking.


  4. Account Balance The total amount of money in a particular bank account, along with the debit and credit amounts, the net amount is also termed as the account balance.


  5. Accrued Interest Accrued Interest is the interest, accumulated on an investment but is not yet paid. Often, accrued interest is also termed as interest receivable. Some banking books prefer to call it as the interest that is earned, but not yet paid.