CASA
Abbreviation with 2 meanings
| Stands for | Court Appointed Special Advocate |
|---|---|
| Meanings | 2 |
| Categories | Law & Legal, Business & Finance |
CASA has two meanings. It stands for Court Appointed Special Advocate (estate and family law) or Current account and savings account (banking).
Meanings of CASA at a glance
| # | CASA stands for | Context |
|---|---|---|
| 1 | Court Appointed Special Advocate | Law & Legal › Estate and Family Law |
| 2 | Current account and savings account | Business & Finance › Banking |
1. Court Appointed Special Advocate
Law & Legal · Estate and Family Law Abbreviations
Trained community volunteer appointed by a juvenile or family court to advocate for the best interests of a child in foster care or abuse and neglect proceedings. CASA volunteers visit the child, gather information and submit reports to the judge.
Example: Her CASA volunteer has been the one constant adult through three foster placements.
The first program was started in Seattle in 1977 by Judge David Soukup, and a national association now supports hundreds of local programs. In some states CASA volunteers serve as the guardian ad litem; in others they work alongside one. In Spanish, casa simply means house.
2. Current account and savings account
Business & Finance · Banking Abbreviations
Indian banking term for low-cost deposits held in current (checking) and savings accounts, as opposed to term deposits. Banks report the CASA ratio, the share of these deposits in total deposits, as a key measure of funding cost.
Example: The private bank's CASA ratio of 42 percent gives it a cheaper funding base than most rivals.
A high CASA ratio lowers interest expense because these accounts pay little or no interest. Indian banks compete for CASA deposits through salary accounts and digital banking. The term is rarely used outside South Asia.
Related abbreviations
More estate and family law abbreviations
- AHCD – Advance health care directive
- CHINS – Child in need of services
- CLT – Charitable lead trust
- CPS – Child Protective Services
- CRT – Charitable remainder trust
- DAPT – Domestic asset protection trust
- dec'd – Deceased
- DPOA – Durable power of attorney
See all 50 estate and family law abbreviations →
More banking abbreviations
- BIN – Bank identification number
- BSA – Bank Secrecy Act
- BSB – Bank-State-Branch
- CAR – Capital adequacy ratio
- CBDC – Central bank digital currency
- CD – Certificate of deposit
- CDD – Customer due diligence
- CET1 – Common Equity Tier 1
See all 80 banking abbreviations →
This entry is for general education and is not legal advice. Abbreviation use varies between institutions; always confirm in context.