Banking Terms
Acronyms - P
- PA - Power of Attorney
- PAC - Planned Amortization Class bond
- PAC - preauthorized checks
- PAD - preauthorized electronic debits
- PAM - Pledged Account Mortgage
- PAN - Primary Account Number
- PC - Participation Certificate
- PCA - Prompt Corrective Action
- PEFCO - Private Export Funding Corporation
- PIN - Personal Identification Number
- PITI - Principal, Interest, Taxes, and Insurance
- PLAM - Price Level Adjusted Mortgage
- PMI - Private Mortgage Insurance
- PO - Principal Only Strip
- POA - Power of Attorney
- POD - Proof of Deposit
- PSAF - Private Sector Adjustment Factor
- PTA - payable through account
- PUF - Prime Underwriting Facility
- PUPID - payable upon proper identification
P
Acronyms - Q
- QA - quick asset
- QTL - Qualified Thrift Lender
Q
Acronyms - R
- RA - Regulatory Alerts
- RAM - Reverse Annuity Mortgage
- RCC - Remotely Created Check
- RCPC - Regional Check Processing Center
- RDC - Remote Deposit Capture
- RDFI - Receiving Depository Financial Institution
- REDs - Refunding Escrow Deposits
- REMIC - Real Estate Mortgage Investment Conduit
- repo - repurchase agreement
- RESPA - Real Estate Settlement Procedures Act
- RFC - Resolution Funding Corporation
- RLA - reserve lag accounting
- ROE - Report of Examination
- ROL - Reduction-Option Loan
- RP - repurchase agreement (also called repos or buybacks)
- RSU - Remote Service Unit
- RTC - Resolution Trust Corporation
- RTGS - Real-Time Gross Settlement
- RUF - Revolving Underwriting Facility