Glossary of Financial Terms and Definitions | RAKBANK UAE

Glossary

Adjustable Rate

Credit Limit

D Parent

Available Balance

Consumer Credit 

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Borrower

Balance Transfer

Credit 

Billing Date

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Clearing up confusing terminology

Credit Report 

Debt

Availability Policy

Assets

Commercial Credit

Y Parent

Variable Rate

Available Credit

Debit Card

Account Holder

A Parent

Debit

Demand Deposit

Credit Score

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Upgrade your experience

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Terms

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Certificate of Release

Collected Funds

Creditor

Bank Statement

Availability Date

Yield

Annual Percentage Rate

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B Parent

Checking Account

Beneficiary

Bankrupt 

Certificate of Deposit

Glossary - Cross Sell

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Application

Direct Deposit

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C Parent

Annual Percentage Yield

Closing a Mortgage Loan

Chat with an agent

Not sure about something? Check our frequently asked questions to find what you’re looking for.

FAQ’s Help Card

FAQs

Credit Bureau

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V Parent

Appraisal

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Deposit Slip

Time Deposit

Scan the QR code to download the RAKBANK app from the Apple App Store

Download the RAKBANK App!

Discover the Rakbank App and enjoy digital banking designed to fit your day. Manage your accounts, make secure transactions, and access smart features all in one simple, easy-to-use app

Scan the QR code to download the app from the Google Play Store

RAKBANK mobile and digital banking features enabling customers to bank anytime, anywhere

Global - RAKBANK APP- Personal

Bank on the go, anytime, anywhere

Debt Consolidation

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