Banking

3. Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time.
5. A check that a bank has paid, charged to the account holder's account, and then endorsed. Once canceled, a check is no longer negotiable.
6. any change involving an erasure or rewriting in the date, amount, or payee of a check or other negotiable instrument. See related questions
7. A bank custodian is responsible for maintaining the safety of clients' assets held at one of the custodian's premises, a sub-custodian facility or an outside depository.
10. account A demand deposit account subject to withdrawal of funds by check.
11. Someone who owes monies to another party.
12. A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract.
14. Insurance to protect the homeowner and the lender against physical damage to a property from sources such as but not limited to fire, wind, or vandalism.
15. Used to indicate that a certain amount of a customer's balance may not be withdrawn until an item has been collected, or until a specific check or debit is posted.
16. The person who writes a check or draft instructing the drawee to pay someone else.

1. Assets that are offered to secure a loan or other credit. For example, if you get a real estate mortgage, the bank's collateral is typically your house. Collateral becomes subject to seizure on default
2. A deceased person, ordinarily used with respect to one who has died recently.
4. the bank that absorbs the bank acquired.
8. The payment history of an account over a specific period of time, including the number of times the account was past due or over limit.
9. Undertaking to act as executor, administrator, guardian, conservator, or trustee for a family trust, authorized trust, or testamentary trust, or receiver or trustee in bankruptcy.
13. The process of reducing debt through regular installment payments of principal and interest that will result in the payoff of a loan at its maturity.