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WebBusiness Term Loan – A loan to a business to purchase long-term assets such as financing the purchase of equipment or real estate. Also known as a commercial loan. Letter of Credit – An instrument issued by a bank that substitutes the bank’s credit for the credit of the buyer of goods. The bank customer can pay for the goods or services ... WebApr 5, 2024 · Learning Bank - Glossary. Here are a list of financial terms and definitions to help you understand banks, credit, and loans. ATM - Stands for "automated teller machine." A machine the enables bank customers to perform basic transactions, such as deposits and withdrawals, anytime and often anywhere. Collateral - Assets, or property, pledged to ... WebDefinition; BBC: British Broadcasting Corporation: BBC: Big Block Chevy (396/427/454 cubic inch displacement) BBC: Baptist Bible College: BBC: Billionaire Boys Club: BBC: … enzymatic chemical reaction