Fergana branch of tashken university of information technologies named after al

Automatic funds transfer 
The electronic transfer of funds from one account to another, set 
up to happen on a regular basis 
Average daily balance 
A method of calculating credit card interest using the sum of 
each day’s balance on a credit card, divided by the number of 
days in the billing cycle 
Banking center 
The physical location of a bank where customers can go to 
engage in a variety of banking services. 
Bankrupt 
A person or institution that no longer has the funds to cover 
debts and has to seek financial assistance 
Bill pay 
Routine payments made electronically from a banking account to 
a specific vendor. Banks provide this service as part of broader 
online banking services 
Bounced check 
A check that cannot be processed because the account holder has 
insufficient funds to cover the amount written on the check. 
Cash advance 
Cash taken out (withdrawn) from a line of credit or credit card. 
Cash advances often carry a higher interest charge than regular 
purchases