Seed Words for banking terms
ECONOMIC FUNCTIONS BANKS INCLUDE ISSUE MONEY FORM BANKNOTES CURRENT ACCOUNTS SUBJECT CHEQUE PAYMENT CUSTOMER'S ORDER THESE CLAIMS BANKS MONEY BECAUSE THEY NEGOTIABLE REPAYABLE DEMAND HENCE VALUED EFFECTIVELY TRANSFERABLE MERE DELIVERY CASE BANKNOTES DRAWING CHEQUE DELIVERING PAYEE BANK CASH NETTING SETTLEMENT PAYMENTS BANKS BOTH COLLECTION AGENT PAYING AGENTS CUSTOMERS PARTICIPATE INTER-BANK CLEARING SETTLEMENT SYSTEMS COLLECT PRESENT PRESENTED WITH PAYMENT INSTRUMENTS THIS ENABLES BANKS ECONOMISE RESERVES HELD SETTLEMENT PAYMENTS SINCE INWARD OUTWARD PAYMENTS OFFSET EACH OTHER ALSO ENABLES PAYMENT FLOWS BETWEEN GEOGRAPHICAL AREAS OFFSET REDUCING COST SETTLING PAYMENTS BETWEEN GEOGRAPHICAL AREAS CREDIT INTERMEDIATION BANKS BORROW LEND BACK-TO-BACK THEIR ACCOUNT MIDDLE CREDIT QUALITY IMPROVEMENT BANKS LEND MONEY ORDINARY COMMERCIAL PERSONAL BORROWERS ORDINARY CREDIT QUALITY HIGH QUALITY BORROWERS IMPROVEMENT COMES FROM DIVERSIFICATION BANK'S ASSETS BANK'S CAPITAL WHICH PROVIDES BUFFER ABSORB LOSSES WITHOUT DEFAULTING OBLIGATIONS HOWEVER SINCE BANKNOTES DEPOSITS GENERALLY UNSECURED BANK GETS INTO DIFFICULTY PLEDGES ASSETS SECURITY FUNDING NEEDS CONTINUE OPERATE THIS PUTS NOTE HOLDERS DEPOSITORS ECONOMICALLY SUBORDINATED POSITION MATURITY TRANSFORMATION BANKS BORROW MORE DEMAND DEBT SHORT TERM DEBT PROVIDE MORE LONG TERM LOANS OTHER WORDS BANKS BORROW SHORT LEND LONG BANK THIS BECAUSE THEY AGGREGATE ISSUES ACCEPTING DEPOSITS ISSUING BANKNOTES REDEMPTIONS WITHDRAWALS REDEMPTIONS BANKNOTES MAINTAIN RESERVES CASH INVEST MARKETABLE SECURITIES THAT READILY CONVERTED CASH NEEDED RAISE REPLACEMENT FUNDING NEEDED FROM VARIOUS SOURCES WHOLESALE CASH MARKETS SECURITIES MARKETS BECAUSE THEY HAVE HIGH MORE WELL KNOWN CREDIT QUALITY THAN MOST OTHER BORROWERS BANKING BANKING BASED CONTRACTUAL ANALYSIS RELATIONSHIP BETWEEN BANK CUSTOMER DEFINITION BANK GIVEN ABOVE DEFINITION CUSTOMER PERSON WHOM BANK AGREES CONDUCT ACCOUNT IMPLIES RIGHTS OBLIGATIONS INTO THIS RELATIONSHIP FOLLOWS BANK ACCOUNT BALANCE FINANCIAL POSITION BETWEEN BANK CUSTOMER WHEN ACCOUNT CREDIT BANK OWES BALANCE CUSTOMER WHEN ACCOUNT OVERDRAWN CUSTOMER OWES BALANCE BANK BANK ENGAGES CUSTOMER'S CHEQUES AMOUNT STANDING CREDIT CUSTOMER'S ACCOUNT PLUS AGREED OVERDRAFT LIMIT BANK FROM CUSTOMER'S ACCOUNT WITHOUT MANDATE FROM CUSTOMER CHEQUE DRAWN CUSTOMER BANK ENGAGES PROMPTLY COLLECT CHEQUES DEPOSITED CUSTOMER'S ACCOUNT CUSTOMER'S AGENT CREDIT PROCEEDS CUSTOMER'S ACCOUNT BANK RIGHT COMBINE CUSTOMER'S ACCOUNTS SINCE EACH ACCOUNT JUST ASPECT SAME CREDIT RELATIONSHIP BANK LIEN CHEQUES DEPOSITED CUSTOMER'S ACCOUNT EXTENT THAT CUSTOMER INDEBTED BANK BANK MUST DISCLOSE DETAILS TRANSACTIONS GOING THROUGH CUSTOMER'S ACCOUNT UNLESS CUSTOMER CONSENTS THERE PUBLIC DUTY DISCLOSE BANK'S INTERESTS REQUIRE UNDER COMPULSION BANK MUST CLOSE CUSTOMER'S ACCOUNT WITHOUT REASONABLE NOTICE CUSTOMER BECAUSE CHEQUES OUTSTANDING ORDINARY COURSE BUSINESS SEVERAL DAYS THESE IMPLIED CONTRACTUAL TERMS MODIFIED EXPRESS AGREEMENT BETWEEN CUSTOMER BANK STATUTES REGULATIONS FORCE JURISDICTION ALSO MODIFY ABOVE TERMS CREATE RIGHTS OBLIGATIONS LIMITATIONS RELEVANT BANK-CUSTOMER RELATIONSHIP
Thanks to Kjartan for these words.
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- Another batch of random words from this seed set.
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