Name : Srirahayu Talibana

Class : B/4

NIM : 321419042

Task : ENGLISH FOR BUSSINES

Vocabulary Development Related to the Bank

1. Money

money is a tool that can be accepted by the general public as a means of exchange or a legal
means of payment in an economic activity.

2. Customer/client

A customer is someone who is a dependent or a customer of a bank. In this case the customer
is also said to be a person who uses the services provided by the bank. A customer is also a
person or business entity or institution that has a savings and loan account. In addition,
customers are also people who make other transactions, both online and offline.

3. Account saving

A savings book is one proof that the customer is a savings customer at a particular bank.
Each savings customer will be given a savings book, which is a book that describes the
movements of deposits, withdrawals and balances for each transaction that occurs.

4. Balance

Balance is the amount of the bill that has not been paid. The term balance is also known in
the banking world, where balance refers to the money in the account. Whereas in credit,
balance refers to the amount owed.

The term balance is often associated with a bank, as Bank Balance. Bank balance itself
means the balance of the checking account at the bank according to the Big Indonesian
Dictionary. Bank balances are also often referred to as account balances. According to the
Dictionary of Bank Indonesia, the account balance is the amount in the account after the
 charge for withdrawal, debit and credit deposit services, the clearing results of check
withdrawals which can be used for reconciliation by comparing bank statements with check
books / registers; the account balance / balance of this account in credit is known as the debit
tray; sin. account balance.

In accounting, balance shows the difference between total debits and total credits that exist
during a period. If total debits exceed total credits, the account has a debit balance.
Meanwhile, if total credits exceed total debits, the account has a credit balance. The total
debit must be the same as the total credit when the trial balance is withdrawn, because if it is
different (unbalanced), then an error occurs.

5. Bank interest

Interest can also be interpreted as the price that must be paid by the bank to customers (who
have savings) and the price that must be paid by the customer to the bank (if the customer
obtains a loan facility).

6. Saving

Deposits are an amount of customer money deposited in a bank which can be in the form of
an account. Customers who deposit this money will be given compensation in the form of
interest for conventional banks or profit sharing for Islamic banks.

7. Loan

Loans are a type of debt provided by individuals or financial institutions such as banks,
where an amount of money is provided to be lent to debtors, usually at interest.

8. Deposit

time deposit is a product of savings in a bank where deposits and withdrawals can only be
made at a certain time. If the funds deposited are taken away prematurely, be prepared to be
subject to a penalty. Interestingly, the bigger and the longer you keep your funds in the form
of deposits, the greater the interest offered.
9. Debt

Debt that arises as a result of a loan given by the bank to the company (Bank Loan) which is
obtained based on the request of the company concerned. As a result of the existence of bank
debt (bank payable) is the incidence of bank interest that must be paid by the company during
the period of the bank debt.

10. Invest

Bank capital is a fund that is invested by the owner in the framework of establishing a
business entity which is intended to finance bank business activities. In addition to fulfilling
regulations set by the monetary authority.

11. Transfer

Transfer is a bank service activity to transfer a certain amount of funds in accordance with
the order of the trustee which is intended for the benefit of a person designated as a transfer
recipient.

12. Credit card

A credit card is a means of non-cash payment using a card issued by a bank. By using a
credit card, the bank will facilitate you to have flexible time in transactions because it can be
done online.

13. Profit

The definition of profit according to the banking business is the amount that remains after
fixed costs and variable costs are deducted from bank receipts.

14. Banker

Banker is a profession owned by someone who works in a bank, whether he is carrying out a
job in the field of banking operations or non-banking operations. Even being a banker is not
easy, knowledge alone cannot provide satisfaction to customers.

15. Automated Teller Machine (ATM)

Automatic Teller Machine (ATM) is a Bank service for conducting various transactions such
as cash withdrawals, balance checks, fund transfers, and various other financial transactions
connected to all banks in Indonesia.