Merchant Services - Service provided to allow businesses to accept credit and debit card payments from customers.
Mobile Banking - Mobile banking allows consumers to complete banking transactions and access account information from a mobile device using an app. With the CSB Mobile App, customers have the ability to transfer funds, pay bills, access statements and much more.
Mobile Deposits - Mobile deposits are deposits made through a mobile banking app.
Moderate Investor - Investors who want money to grow but are more concerned about protecting it are moderate investors. They are cautious but may be willing to diversify to spread out some of the risk depending on the end goal.
Moderate Growth Investor - Investors who like to balance low and high risk investments are moderate growth investors. They evaluate investments, at least annually, to make sure the balance contains the right mix of lower and higher risk investments appropriate for the situation.
Money Manager - Money Manager is a tool offered to personal online banking users to help track spending, create and manage budgets, add accounts from other financial institutions, and set financial goals.
Money Market Funds - This investment is lower risk and are typically invested in things like treasury bills and other stable instruments.
Mortgage - A mortgage is a specific type of loan for the purchase of property secured with collateral, often the property itself, and is an agreement between lender and borrower.
Mortgage Lender - A mortgage lender facilitates loans for residential property with products such as mortgages, refinances, and HELOCs.
Mutual Fund - Mutual funds are made up of a group of investors who come together to buy a various number of investments, including stocks and bonds. This allows the risk and gains to be shared by a larger group of people. Mutual Funds may be a way to diversify your investments.
Net Worth - Calculation of all of your assets minus your liabilities. In other words, it is the value of everything owned after subtracting what is owed on those items.
NASDAQ - Stands for the National Association of Securities Dealers Automated Quotation also known as the electronic stock market and comprises of over 5,000 US and non US companies.
Nonsufficient Funds (NSF) - NSF is a status of an account that does not have enough funds to cover transactions. This is also called insufficient funds.
Online Banking (OLB) - OLB is a way to access account information electronically. With OLB, customers have the ability to transfer funds, pay bills, access statements and much more.
Overdraft (OD) - An overdraft occurs when an account balance is negative. Fees may be charged in the event of an overdraft.
Payable on Death (POD) - An arrangement between a bank and a customer to designate beneficiaries for an account.
Pension Plan - Funds maintained by an employer on behalf of its employees and are usually invested in low-risk investments.
Profit Sharing - Benefit plan offered by an employer and shares the companies profits with its employees
Phone Banking - Service to conduct banking transactions and check account balances by following prompts over the phone.
Point-of-Sale (POS) - Type of transaction completed with a credit card, debit card, or mobile pay either in person or online.
Positive Pay - An automated fraud detection tool for businesses to help identify check & Automated Clearing House (ACH) fraudulent activity.
Powerful Tools - Powerful Tools is a CSB term referring to our digital banking products and services.
Power of Attorney (POA) - POA refers to a legal document in which a person is assigned authority to make financial decisions on behalf of another individual.
Prime Rate – A benchmark used for setting interest rates and is based on the federal funds rate set by the Federal Reserve.
Principal - The amount due on any debt before interest or the amount invested before returns.
Private Mortgage Insurance (PMI) - An insurance policy that provides coverage for mortgage lenders if the borrower defaults on the mortgage.
Property Insurance - An insurance policy that provides coverage to the owner of a structure and its contents in the event of damage or theft.
Property Taxes - A tax assessed on real estate by the local government and is usually based on the value of the property (including the land) owned.