Senior Citizen

Senior Citizen is a person of over sixty years of age.

Tariff Schedule

The schedule containing charges levied by a bank on the products and

services offered by it to its customers.

Substandard

A substandard asset would be one, which has remained NPA for a period

less than or equal to 12 months.

Equality of two matrices

Two matrices are said to be equal if and only if they have the same order and the corresponding elements are equal.

Transpose of a matrix

The matrix obtained by interchanging the rows to columns and columns to rows is called transpose of that matrix.

Matrix - Square, Scalar, Symmetric, Skew symmetric

Square matrix
If the number of rows and columns are equal then the matrix is called a square matrix.

Scalar Matrix
A square matrix in which all the elements in the main diagonal are equal and the rest of the elements are zero.

Symmetric Matrix
If the transpose of matrix is equal to matrix itself then the matrix is called symmetric matrix.

Skew symmetric matrix
If the transpose of a matrix is equal to the additive inverse of the given matrix then the given matrix is called skew symmetric matrix.

Unity or Identity Matrix

A square matrix whose main diagonal elements are all unity and the other elements are zero is called a unity or identity matrix.

Null Matrix

A matrix of any order whose all elements are zero is called a null matrix.

Column Matrix

If there is only one column in a matrix, it is called column matrix.

Rectangular matrix & Row matrix

Rectangular matrix
If the number of rows is not equal to the number of columns then the matrix is called a rectangular matrix.

Row matrix
If there is only one row in a matrix, it is called row matrix.

Perfect number

A number for which the sum of all its factors is twice the number itself is called a perfect number.

Matrix

A matrix is a rectangular array of numbers enclosed by a pair of brackets.

Complex Sentence

A complex sentence consists of one main clause and one or more subordinate clauses.

Compound Sentence

A compound sentence is made up of two or more main clauses

Simple Sentence

A simple sentence is one which has only one subject and one predicate

Noun Clause

A noun clause is a group of words which contains a subject and a a predicate of its own and does the work of a noun.

Proportion

The equality of two ratios is called a proportion.

Ratio

If two quantities expressed in the same units are compared by division the result obtained is called a ratio.

Triangle

A closed figure with three sides is called a triangle
or
Area formed by joining three points not lying on a line.

Obtuse angled triangle

A triangle in which one of the angle is an obtuse (one angle > 90 degree) is called an obtuse angled triangle.

Acute angled triangle

A triangle in which all the three angles are acute is called an acute angled triangle.

Right angled triangle

A triangle in which one of the angle is a right angle (90 degree) is called a right angled triangle.

Scalene triangle

A triangle in which no two sides are equal is called a scalene triangle.

Isosceles triangle

A triangle is said to be isosceles triangle if and only if its any two sides are equal and different from third side.

Equilateral triangle

A triangle is said to be equilateral triangle if and only if all the sides  are equal to each other.
or
A triangle is said to be equilateral triangle if its ll the three vertices are equidistant from each other.

Congruent

If two quantities have the same shape and size then these two quantities are said to be congruent to each other

Adverb clause

An adverb clause is a group of words which contains a subject and a predicate of its own and does the work of an adverb.

Adjective Clause

An adjective clause is a group of which contains a subject and a predicate of its own and does the work of an adjective

Noun Phrase

A noun phrase is a group of words that does the work of a noun

Adverb phrase

An adverb phrase is a group of words that does the work of an adverb

Adjective Phrase

An adjective phrase is a group of words that does the work of an adjective

Predicative Adjective

When the predicate is completed by an adjective, such an adjective is said to be predicative adjective

Predicative noun

When the predicate is completed by a noun, the noun is called a predicative noun.

Subordinating Conjunction

A subordinating conjunction joins a clause to another on which it depends for its full meaning

Coordinating Conjunction

A coordinating conjunction joins together clauses of equal rank.

Mood

Mood is the mode or manner in which the action denoted by the verb is represented

Repossession

Repossession is the process by which a creditor with a loan secured on

house or goods (e.g. car) takes possession of the security, if the debtor does

not repay as per the terms of the loan agreement.

Reasonable

Governed by or being in accordance with reason and sound thinking; being

within the bounds of common sense; not excessive or extreme.

PIN

A confidential number, use of which along with a card allows customers to

pay for articles/services, withdraw cash and use other electronic services

offered by the bank.

Password

A word or a set of numbers or an alphanumeric combination for an access

code, which the customer has chosen, to allow him to use a phone or Internet

banking service. It is also used for identification.

Overdue

Any amount due to the bank under any credit facility is ‘overdue’ if it is not

paid on the due date fixed by the bank.

Out-of-date (stale) cheque

A cheque, which has not been paid because the date written on the cheque

is a date exceeding three months from the time of its presentation.

No Frills’ Account

‘No Frills ‘account is a basic banking account. Such account requires

either nil balance or very low minimum balance. Charges applicable to

such accounts are low. Services available to such account are limited.

Merchant Services

Merchant services generally refer to merchant accounts allowed to trading

and service establishments for acceptance of payments through credit/

debit cards. The cards may be accepted over the counter through card

terminals i.e. Point of Sale (POS) machines or over phone or through internet.

Mail

Mail is a letter in a physical or electronic form.

Letter of Credit

A letter of credit is a document issued by a bank, which usually provides an

irrevocable undertaking for payment to a beneficiary against submission of

documents as stated in the Letter of Credit.

Diagonal of a polygon

 The line which joins two non-consecutive vertices is known as diagonal of a polygon.

Regular Polygon

The polygon in which all sides are equal and each interior and exterior angles are equal.

Exterior angle of polygon

The angle which is obtained by producing any one of the side of polygon is called an exterior angle of a polygon.

Concave Polygon

The polygon whose atleast one angle is more than 180 degree is called a concave polygon.

Convex Polygon

The polygon whose each angle is less than 180 degree is called a convex polygon.

Odd Number

Numbers which leave a remainder 1 when divided by 2 are called odd numbers

Even Number

Numbers which leave a remainder 0 when divided by 2 are called even numbers.

Prime Number

A natural number other than 1 is said to be prime number if it has no factors other than 1 and itself.

Composite Number

A natural number other than 1 which is not a prime number is called a composite number.

Passive Voice

A verb is in the passive voice when its form shows that something is done to the person or thing denoted by the subject.

Active Voice

A verb is in the active voice when its form shows that the person or thing denoted by the subject does something

Voice

Voice is the form of a verb which shows whether what is denoted by the subject does something or has something done to it

Objective Complement

When the complement describes the object it is called objective complement.

Objective Complement

When the complement describes the object it is called objective complement.

Subjective Complement

When the complement describes the subject it is called subjective complement

Complement of the verb

The words which are required to make the sense complete is called the complement of the verb

Verb of incomplete predication

The intransitive verb seems requires a word to make the sense complete. Such a verb is called a verb of incomplete predication.

Intransitive verb

It is a verb that denotes an action which does not pass over to an object

Transitive verb

It is a verb that denotes an action which passes over from the doer or subject to an object

Permanent Account Number (PAN)

The Permanent Account Number (PAN) is an all India unique Number having

ten alphanumeric characters allotted by the Income Tax Department, Government of India. It is issued in the form of a laminated card. It is permanent and will not change with change of address of the assessee or change of Assessing Officer.

Payment and Settlement System

Payment and Settlement System means financial system creating the means

for transferring money between suppliers and user of funds usually by

exchanging debits or credits among financial institutions.

Smart Card

A smart card is a plastic card about the size of a credit card, with an

embedded microchip which can process data. It provides a secure way

of identification, authentication and storage of data. It can be used for

telephone calling, electronic cash payments, and other applications.

Real Time Gross Settlement

The acronym ‘RTGS’ stands for Real Time Gross Settlement. RTGS system

offers the fastest means of transfer of funds through banking channel.

Settlement of transactions under RTGS takes place on one-to-one basis,

which is termed as ‘Gross’ settlement and in ‘real time’ i.e. without any

waiting period.

Reference rate

It is the benchmark rate of interest of a bank to which interest on loans

sanctioned under floating rate of interest is linked. The Reference Rate

of interest is determined/modified by individual banks in accordance with

their policies.

Smart Cards

A smart card is a plastic card about the size of a credit card, with an

embedded microchip which can process data. It provides a secure way of

identification, authentication and storage of data. It can be used for telephone

calling, electronic cash payments, and other applications.

Security

Represents assets used as support for a loan or other liability. In the event

of the borrower defaulting on the loan, the lender bank can claim these

assets in lieu of the sum owed.

Primary security is the asset created out of the credit facility extended to the

borrower and / or which is directly associated with the business / project of

the borrower for which the credit facility has been extended.

Collateral security is any other security offered for the said credit facility.

For example, hypothecation of jewellery, mortgage of house etc.

Originator

An organisation which collects payments from a customer’s account in line

with customer’s instructions.

‘Out of Order’ status

An account should be treated as ‘out of order’ if the outstanding balance

remains continuously in excess of the sanctioned limit/drawing power. In

cases where the outstanding balance in the principal operating account is

less than the sanctioned limit/drawing power, but there are no credits

continuously for 90 days as on the date of Balance Sheet or credits are not

enough to cover the interest debited during the same period, these accounts

should be treated as ‘out of order’.

Other Security Information

A selection of personal facts and information (in an order which the customer

knows), which may be used for identification when using accounts.

Polygon

A polygon is a closed geometrical figure with many sides.

Transversal line

The line which intersect  more than one line is called transversal line

Parallel Lines

The lines which will never intersect each other at any point are called parallel lines.

Concurrent lines

The lines which are passing through a same point are called concurrent lines.

Non Co-planar

The things which are not present in the same plane are called non co-planar.

Co-planar

The things which are present in a plane are called co-planar.

Non Co-linear Points

The things (points) which are not present in the same line are called non co-linear points.

Non Co-linear

The things (points) which are not present in the same line are called non co-linear points.

Co-linear Points

The things (points) which are present in a line are called co-linear points.

Plane

A smooth surface of the surface enclosed between two dimensions is called a plane

Distributive Pronoun

The pronoun which refers to persons or things one at a time

Indefinite Pronouns

The pronouns which refer to persons or things in a general way, but do not refer to any person or thing in particular.

Interogative Pronouns

The pronouns which are used for asking questions.

Demonstrative Pronouns

The pronouns which are used to point out the object or objects to which they refer.

Possessive Pronouns

Pronouns that show possession are called possessive pronoun

Personal pronouns

The pronouns which stand for the names of the persons or things.

Proper adjectives

Adjectives formed from proper noun are sometimes called proper adjectives. They are generally classed under adjectives of quality.

Possessive case

The form of the noun Rama is changes to Rama's to show ownership or possession then the noun Rama's is said to be in the possessive or genetic case