Meaning of the word: Bank account
A bank account is a financial account in the bank. The Bank's clients have their money deposited in their bank account and they have access to them. There are classic accounts where the client draws from his own funds. There also are the credit cards, when client can use money from bank, so he lives on debt which is regularly paid.back to dictionary >
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Interest on arrears
Interest on arrears is charged to the debtor in case that he doesn't pay his loan in time. It is not a classic sanction, but it is the refund money.…go to the dictionary >
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