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

Savings account
An account that earns interest on stored money.
Venmo
A popular peer-to-peer payment app.
Credit limit
The maximum you can borrow on a card.
Hard inquiry
A credit check that slightly lowers your score.
401(k)
An employer retirement account with tax benefits.
Credit history
Your record of borrowing and repaying.
Employer match
Free money your company adds to your 401(k).
Refund
Money returned when you overpaid taxes.

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