🌐Crowdfunding

Raising capital from many small contributors via an online platform.

🪙Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain.

💳Debit Card

A payment card that deducts funds directly from the holder's account.

💰Deposit

Money placed into a bank account for safekeeping.

🛡️Deposit Insurance

A guarantee protecting depositors if a bank fails.

👛Digital Wallet

An electronic application that stores payment credentials on a device.

📥Direct Deposit

An electronic payment deposited directly into a recipient's bank account.

🤲Escrow

A third-party arrangement holding funds until conditions are met.

💡Fintech

Technology-driven innovation in financial products and services.

➗Fractional Reserve Banking

A system where banks lend out a portion of deposited funds.

🕵️Fraud Detection

Systems and processes used to identify suspicious financial activity.

🦔Hedge Fund

A private investment fund using advanced strategies for high returns.

🔤IBAN

An international standard for identifying bank accounts across borders.

🛡️Insurance

A contract that provides financial protection against specified risks.

🔄Interbank Market

The market where banks lend and borrow funds among themselves.

📈Interest

The cost of borrowing money or the return earned on deposits.

📊Interest Rate

The percentage charged or paid for the use of money over time.

📈Investment Bank

A financial institution that raises capital and advises on corporate finance.

🪪Know Your Customer

Identity verification requirements for financial institutions.

✉️Letter of Credit

A bank guarantee ensuring payment to a seller under specified conditions.

💧Liquidity

The ease with which assets can be converted into cash.

🤝Loan

A sum of money lent to a borrower with the expectation of repayment.

🏪Merchant Account

A bank account that allows a business to accept card payments.

🌱Microfinance

Financial services provided to low-income individuals or small businesses.

📉Minimum Balance

The lowest amount a customer must keep in an account.

📱Mobile Banking

Banking services accessed through a smartphone application.

📊Monetary Policy

Actions by a central bank to control money supply and interest rates.

🏠Mortgage

A long-term loan secured by real estate property.

🧺Mutual Fund

A pooled investment vehicle managed professionally for many investors.

💻Online Banking

Banking services accessed through the internet via computer or mobile.