Glossary
Plain-English definitions of banking, payments, payroll, credit, and tax terms.
- 1099-NEC
- ABA number
- Account number
- ACH
- ACH credit
- ACH debit
- Authorized signer
- Backup withholding
- Beneficiary
- Cashier's check
- Certified check
- Certified mail
- ChexSystems
- Credit bureau
- Counter check
- Debt validation
- Deposit slip
- Direct deposit
- Down payment
- Endorsement
- Escheatment
- FCRA (Fair Credit Reporting Act)
- FDCPA (Fair Debt Collection Practices Act)
- Gift letter (mortgage)
- Gift tax exclusion
- IBAN
- Intermediary bank
- Joint account
- MICR line
- Nacha
- Net pay
- NSF (Non-Sufficient Funds)
- Originator
- Overdraft
- Payee
- Payer
- Payoff amount
- Per diem interest
- Prenote
- Provisional credit
- Regulation E
- Remainder allocation
- Remittance transfer
- Right of survivorship
- Routing number
- Same Day ACH
- Statute of limitations (debt)
- Stop payment
- SWIFT/BIC code
- Taxpayer Identification Number (TIN)
- Underwriting
- Uniform Commercial Code (UCC)
- Voided check
- W-4
- W-9
- Wire transfer