Banking terms starting with T

11 terms

  1. Tax Benefit Includes deductions, exclusions from gross income, nonrecognition of gain, tax credits, adjustments (or the absence of adjustments) to the basis of…
  2. Tax Haven A tax haven is a country, which provides a no-tax or low-tax environment. The U.S. is considered a tax haven by some countries.
  3. Tax Shelter Is a partnership or other entity, any investment plan or arrangement, or any other plan or arrangement, if a significant purpose of the partnership…
  4. Terms The period of time and the interest rate arranged between creditor and debtor to repay a loan.
  5. Time Certificate of Deposit A time deposit evidenced by a negotiable or nonnegotiable instrument specifying an amount and maturity.
  6. Time deposit A time deposit (also known as a term deposit) is a money deposit at a bank that cannot be withdrawn for a certain "term" or period of time.
  7. trademark See service mark.
  8. transaction Includes any series of related steps carried out as part of a prearranged plan.
  9. Trust account A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies.
  10. Trust Administrator A person or institution that manages trust accounts.
  11. Truth in Lending Act (TILA) The Truth in Lending Act is a Federal law that requires lenders to provide standardized information so that borrowers can compare loan terms.