Glossary
Please check also the FintechOS Getting Started Glossary!
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Summary of financial transactions for your bank accounts, sent to you by your bank.
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Direct Debit is a form of payment that enables the policy holder to reduce the time spent on making the (regularly appearing) payments for the policy installments by authorising a bank to handle all the future payments, for that specific policy.
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An invoice establishes an obligation to pay on the part of the buyer - for example, the insured pays a premium based on its corresponding invoice, emitted by the insurer.
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Basic payment instrument for transferring funds between bank accounts.
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