BLC Bank

What to know

BLC Bank’s glossary of banking terms and definitions assists you in better understanding the terms used in the financial products and services. You can find in it the definitions to commonly used banking terms.

• Loans

  Prepayment & Payoff Penalties

  Prepayment

  Payoff

  Overdraft

  Online & Mobile Banking

  Mortgage

  Maturity

  Guarantor

  Delinquency

  Deferred Payment

  Debtor

  Collateral

  Check

  Beneficiary

  Appraisal

  Annual Percentage Rate (APR)

  Index Rate

  Treasury Bills

  Cost of Funds

  Beirut Reference Rate

• Interest

  Variable Rate

  Regressive Interest

  Interest

  Flat Interest

  Fixed Date

  Cards

  Revolving Credit Card

  Point of Sale (POS)

  Minimum Payment

  Debit Card

  Charge Card

  Billing Date

  Billing Cycle

  Account

  Value date

  Minimum Balance

  Joint Account

  Account

  Individual