A re payment postponed until the next date. See also Deferred Payment Loan and Deferred Interest Plan.

A financial obligation which was perhaps perhaps not paid whenever due.

A deposit of funds which can be withdrawn with no advance notice.

An itemized memorandum regarding the money along with other funds that an individual gifts towards the bank for credit to their account.

Data received with a creditor showing that the credit applicant has not yet compensated their or her reports along with other creditors in accordance with the necessary terms. See additionally Credit File.

A re re payment that is electronically deposited into ones own account at a depository organization. See additionally Direct Deposit.

A dispute presented right to the furnisher concerning the precision of data in your customer report that pertains to a merchant account or any other relationship you have got with all the furnisher. See additionally Credit Disputes.

Particular information that Federal and State rules need creditors to offer to borrowers in accordance with the regards to the credit extended.

A finalized, written purchase in which one celebration (the cabinet) instructs another celebration (the drawee) to cover a specified amount to a 3rd party (the payee), at sight or at a certain date. Typical bank drafts are negotiable instruments and so are comparable in several ways to checks. See additionally Drafts.

The individual (or bank) that is likely to spend a draft or check if it is presented for re re payment.

The financial institution upon which a check is drawn.

The one who writes a check or draft instructing the drawee to pay for somebody else.

A site enabling a free account holder to acquire account information and manage banking that is certain through an individual computer through the standard bank’s web site on the web. (this might be also called Web or online banking. )