India4u - Business

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	Debit A term that refers to a decrease in a deposit account. Debit balance The amount withdrawn from an account. Debit card A plastic card similar to credit card that consumers may use to make purchases, withdrawals, or other types of electronic fund transfer. Demand draft A negotiable instrument used by banks for transfer of money. Fixed deposit Money deposited in a bank for a fixed tenure. Gilt The securities issued by a central bank of a country. Global card Credit cards that can be used by the international travelers to complete the transaction in any currency. Guarantor A person who promises in writing that he/she will pay the debts or fulfill the responsibilities of another person if the latter defaults. Home banking Checking bank account status and other banking activities, from home using PCs, telephone. Investment bank An individual or institution, which acts as an underwriter or agent for corporations but does not accept deposits or advance loans. Top