Automated Teller Machine (ATM) Financial Glossary

What is it? A machine that allows a customer to perform common teller transactions. Transactions may include cash withdrawals and transfers. ATMs are generally accessible 24 hours a day, 7 days a week.

Finance Term Definition Added By: Savannah

Send To Friends!

If you'd like to send the Automated Teller Machine (ATM) definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Automated Teller Machine (ATM). If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Fixed Rate Mortgage is A mortgage having a rate of interest which remains the same for the life of the mortgage.

Financial Term Secondary mortgage market is The buying and selling of first mortgages or trust deeds by banks, insurance companies, government agencies, and other mortgagees. This enables lenders to keep an adequate supply of money for new loans. The mortgages may be sold at full value (par) or above, but are usually sold at a discount. The secondary mortgage market should not be confused with second mortgages.

Financial Term C P R is CPR, the Constant Prepayment Rate (CPR), is the rate at which the securities prepay principal. The CPR is often used to describe pass-through Mortgage-Backed-Securities.

Financial Term external liquidity risk is A term defined by the Federal Reserve. The risk that a bank will experience funding problems as a result of factors outside of its direct control. The Federal Reserve defines three types of external liquidity risk. These are geographic (such as the premiums required on deposits at many Texas banks in the late 1980s), systemic (such as the adverse effects upon several large banks caused by the near failure of Continental Illinois Bank in 1984), or instrument-specific (such as the collapse of the perpetual floating-rate note market in 1986.)

Financial Term Graduated Payment Mortgage (GPM) is A type of mortgage that allows for a lower initial payment that increases over time, and then levels off. The difference between the lower initial payment and the required amortized payment is added to the unpaid principal balance, and referred as negative amortization