🔠 A to Z Sorted Banking & Loan Terms (With Serial Numbers)

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  1. Amortization Schedule – Table detailing EMI breakdown (principal vs. interest) over the loan term.

  2. Arbitration – Alternative dispute resolution process for loan disputes, avoiding courts.

  3. Cheque – A written instruction to the bank to pay money from your account.

  4. Cheque Bounce – Non-payment of a cheque due to insufficient funds, actionable under Section 138 of the Negotiable Instruments Act (India).

  5. CIBIL Report – Credit report from CIBIL, showing borrower’s credit history and defaults, aiding recovery decisions.

  6. Collateral – Asset pledged to secure a loan, e.g., property or vehicle, recoverable upon default.

  7. Credit Score – Numeric rating (300–900) of borrower’s creditworthiness, indicating repayment likelihood.

  8. Current Account – A non-interest account for frequent business transactions.

  9. Debt Recovery Tribunal (DRT) – Specialized court in India for resolving debt recovery disputes.

  10. Default – Failure to repay loan as per agreement, typically after 90 days of missed payments.

  11. Delinquency – Missed or late loan payments, signaling potential default.

  12. EMI (Equated Monthly Installment) – Fixed monthly payment covering principal and interest.

  13. Fixed Deposit (FD) – A deposit with a fixed interest rate and tenure.

  14. Foreclosure – Legal process to seize and sell mortgaged property due to default / or full early repayment of a loan.

  15. Guarantor – Person liable to repay the loan if the primary borrower defaults.

  16. Hypothecation – Asset pledged as security (e.g., a car) without transferring possession, subject to repossession.

  17. Interest – Extra money paid by the bank on deposits or charged on loans.

  18. Interest Rate – Percentage charged on the principal, affecting total repayment.

  19. KYC (Know Your Customer) – Verification of borrower’s identity, critical for tracking during recovery.

  20. Legal Notice – Formal letter demanding repayment, often a precursor to legal action.

  21. Loan – Borrowed money that must be repaid with interest.

  22. Loan Restructuring – Modifying loan terms (e.g., tenure, EMI) to help borrowers repay.

  23. Mortgage – Loan secured by real estate, with property as collateral, recoverable via foreclosure.

  24. NEFT (National Electronic Funds Transfer) – A system for transferring money between banks.

  25. Nominee – A person chosen to receive the account balance if the account holder dies.

  26. Non-Performing Asset (NPA) – Loan where principal or interest is overdue for 90+ days.

  27. Notice of Default – Formal notification to borrower about missed payments, demanding repayment.

  28. One-Time Settlement (OTS) – Agreement where borrower pays a reduced amount to settle the loan.

  29. Principal – Original loan amount borrowed, excluding interest.

  30. Provision – Funds set aside by banks to cover potential losses from NPAs.

  31. Recurring Deposit (RD) – Regular monthly deposits for a fixed term at a fixed rate.

  32. Recovery Agent Code of Conduct – RBI guidelines ensuring ethical practices, prohibiting harassment or coercion.

  33. Repossession – Lender’s act of seizing collateral due to non-payment.

  34. RTGS (Real-Time Gross Settlement) – A fast, real-time money transfer system for large amounts.

  35. SARFAESI Act – Indian law (2002) allowing banks to recover bad loans by seizing and selling secured assets without court intervention.

  36. Savings Account – A basic deposit account that earns interest on saved money.

  37. Scheduled Delusions – Activities intentionally planned to spark joy, rebellion against burnout (from earlier emotional burnout discussion).

  38. Secured Loan – Loan backed by collateral, easier to recover through asset seizure.

  39. Skip Tracing – Locating borrowers who have absconded or are uncontactable.

  40. Sunday Cry Ritual – Emotional release routine for processing weekly feelings (burnout strategy term).

  41. Unsecured Loan – Loan without collateral, harder to recover, often requiring legal action.

  42. UPI (Unified Payments Interface) – An instant payment system via mobile apps.

  43. Write-Off – Declaring a loan unrecoverable, removing it from active books, often after recovery attempts fail.


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