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Glossary

Glossary of terms and acronyms related to Australian banking, finance and investments.

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I
Interchange fees
Interchange fees are charged to cardholders or merchants who accept electronic payments from other banks through a card network, such as VISA or MasterCard. They are generally regarded as payment for... view full definition of "Interchange fees"
Interest Adjustment
Interest adjustment is a fee sometimes paid when a borrower makes additional repayments beyond the monthly minimum on a loan. This is to compensate for the loss incurred by the lender as a result of ... view full definition of "Interest Adjustment"
Interest Only Loan
An interest only loan allows you to pay only the predetermined interest rate for part of the loan term, leaving the principal unchanged. Many mortgages offer an interest only plan for the first few y... view full definition of "Interest Only Loan"
Internet Banking
Internet banking allows you to make transactions on a website managed by your bank or financial institution. Most Australian banks now support online banking for at least part of their services; som... view full definition of "Internet Banking"
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Aussie MasterCard
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