What does cap stand for in banking?

In banking, a capital cap is the maximum amount of money an institution has in its treasury. It is the most the institution can owe its shareholders, and it is the amount an institution must have on hand to meet its financial obligations. It is not the same as capitalization or the sum of all the money an institution has.

What does a payroll stand for in banking?

The human resources department plays a key role in any company, and one of their main responsibilities is the creation and management of employee payroll . A payroll is essentially a detailed list of every employee, their salary, when they are paid, and how much they are paid, and the role they play at the organization. The information on the payroll is gathered from each employee, usually by filling out a form that the organization supplies them with.

What does a CFA stand for in banking?

A Certified Financial Analyst (CFA) is a professional designation that tests your knowledge of the different aspects of finance. If you want to work in finance as a professional, you need to have a CFA designation. The CFA exam tests your knowledge in areas like investment management, risk management, portfolio optimization, and more.

What does a revolver stand for in banking?

When it comes to the revolver, you aren’t going to find anything romantic about it. The revolver is a popular choice for many bank robbers. Even though revolvers are older than the safety pin, they are still commonly used today. The revolver is a single-shot weapon that can be easily concealed in a holster.

What does a CPA stand for in banking?

Certified Public Accountants (CPAs) specialize in tax accounting, financial management, auditing, and business advice. While they’re not required for operating a bank, many large banks work with companies to ensure they stay in compliance with tax laws. They also play a role in setting up your bank account and reviewing your financial records.