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Glossary

Password

A sequence of characters that you must input to gain access to Online Banking.

Payee

A company or organization that sends you a bill, invoice, or statement, usually a request for payment for a product or service.

Payment

Amount that repays a balance owed on your account.

Principal Balance

The outstanding balance on a loan not including interest, escrow, or fees.

Principal Payment

Payment to the current balance on a loan.