Finance & Banking

ITIN

ˈaɪtɪn

noun

What does ITIN mean?

Tax ID for those not eligible for an SSN.

Example sentence

"Some banks accept an ITIN to open accounts."

American usage tip

Issued by the IRS for tax purposes.

Related Finance & Banking words

Pay yourself first
Save automatically before spending.
Interest rate
The cost of borrowing or reward for saving.
Statement
The monthly summary of account activity.
HYSA
High-Yield Savings Account with better interest.
Withholding
Tax taken from each paycheck automatically.
Net worth
Total assets minus total debts.
Refund
Money returned when you overpaid taxes.
IRA
Individual Retirement Account.

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