Daily one banking term : (21 sep 2017)


✔️  Affidavit: A sworn statement in writing before a proper official, such as a notary public.

✔️  Alteration: Any change involving an erasure or rewriting in the date, amount, or payee of a check or other negotiable instrument.

✔️  Amortization: The process of reducing debt through regular installment payments of principal and interest that will result in the payoff of a loan at its maturity.

✔️ Anytime Banking: With introduction of ATMs, Tele-Banking and internet banking, customers can conduct their business anytime of the day and night. The ‘Banking Hours’ is not a constraint for transacting banking business.