# 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](https://www.syntaqx.com/books/payments/treasury#fbo-accounts-and-pass-through-insurance)).
- **Pass-through insurance:** FDIC coverage that reaches each owner of a pooled custodial account, if the records allow it ([Treasury & Bank Operations](https://www.syntaqx.com/books/payments/treasury#fbo-accounts-and-pass-through-insurance)).

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Canonical URL: https://www.syntaqx.com/books/banking-and-lending/glossary/fintech-and-baas