Banking & LendingBanking & Lending GlossaryPart 5 of 13
Fintech and BaaS Glossary
2 terms from the Banking & Lending book's Fintech and BaaS part, each defined in a line and linked to the chapter that explains it.
- FBO account (for-benefit-of): a bank account in the provider's name holding money for its merchants (Treasury & Bank Operations).
- Pass-through insurance: FDIC coverage that reaches each owner of a pooled custodial account, if the records allow it (Treasury & Bank Operations).