Cheque: Cheque is a bill of exchange drawn on a specified banker
ordering the banker to pay a certain sum of money to the drawer of cheque or
another person. Money is generally withdrawn by clients by cheques. Cheque is
always payable on demand.
Bull Markets: Favorable markets associated with rising prices
and investor optimism.
Capital Gain: The amount by which the proceeds from the sale of a capital
asset exceed its original purchase price.
Capital Markets: The market in which long-term securities such
as stocks and bonds are bought and sold.
Certificate of Deposits (CDs): Savings instrument in which funds must
remain on deposit for a specified period and premature withdrawals incur
interest penalties.
Earnings per Share (EPS): The amount of annual earnings available to
common stockholders as stated on a per share basis.
Earnings Yield: The ratio of earnings to price (E/P). The
reciprocal is price earnings ratio (P/E).
E-Banking : E-Banking or electronic banking is a form of banking where
funds are transferred through exchange of electronic signals between banks and
financial institution and customers ATMs, Credit Cards, Debit Cards,
International Cards, Internet Banking and new fund transfer devices like SWIFT,
RTGS belong to this category.
EFT - (Electronic Fund Transfer): EFT is a device to facilitate automatic
transmission and processing of messages as well as funds from one bank branch
to another bank branch and even from one branch of a bank to a branch of
another bank. EFT allows transfer of funds electronically with debit and credit
to relative accounts.
Corporate Bond: Long-term debt issued by private
corporations.
Consumer Protection Act: It is implemented from 1987 to enforce
consumer rights through a simple legal procedure. Banks also are covered under
the Act. A consumer can file complaint for deficiency of service with Consumer
District Forum for amounts upto Rs.20 Lacs in District Court, and for amounts
above Rs.20 Lacs to Rs.1 Crore in State Commission and for amounts above Rs.1
Crore in National Commission.
Core Banking Solutions (CBS): Core Banking Solutions is a buzz word in
Indian banking at present, where branches of the bank are connected to a
central host and the customers of connected branches can do banking at any
breach with core banking facility.
Crossing of Cheques: Crossing refers to drawing two parallel
lines across the face of the cheque. A crossed cheque cannot be paid in cash
across the counter, and is to be paid through a bank either by transfer,
collection or clearing. A general crossing means that cheque can be paid
through any bank and a special crossing, where the name of a bank is indicated
on the cheque, can be paid only through the named bank.
