Financial Dictionary

This dictionary contains:
24549
financial terms

Advising bank




Advising bank

One who has a substantial, beneficial interest in the trust assets as well as the income or benefits derived from the trust.

RELATED TERMS
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Interest
The amount of money a lender loans a borrower to pay for using the borrower's principal.

Trust
A large combination of business organizations, possibly tending towards a monopoly.

Income
Money received by an individual as a salary, or from investments. Cash deposits and bonds will provide income in the form of interest. Shares will, in most but not all cases, provide income in the form of twice-yearly dividends.



SIMILAR TERMS
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Advisory broker
An advisory broker advises (and executes) buy and sell decisions on behalf of the client. However, the final decision to buy and sell always rests with the client.

Advisory letter
A broker who not only deals in stocks and shares on behalf of his client, but also advises on what shares should be bought and sold for the portfolio.



PREVIOUS AND NEXT TERMS
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Advance refunding
A pension plan in which funds are set aside in advance of the date of retirement.

Advancement
Is the technique of replacing one bond issue by another that typically occurs when a municipality can borrow at more favorable terms than the outstanding issue.

Adverse opinion
Money or property given to a person by the deceased before death and intended as an advance against the beneficiary's share in the will.

Adverse selection
An independent auditor's opinion expressing that a firm's financial statements do not reflect the company's position accurately.

Adverse trustee
Refers to a situation in which sellers have relevant information that buyers lack (or vice versa) about some aspect of product quality.

Advising bank

Advisory letter
A broker who not only deals in stocks and shares on behalf of his client, but also advises on what shares should be bought and sold for the portfolio.

Affidavit
A newsletter offering financial advice to its readers.

Affidavit of loss
A written statement signed on oath and witnessed by a commissioner for oaths, usually a qualified solicitor.

Affiliate
A sworn statement describing the particulars and circumstances of the loss of securities.

Affiliated corporation
Relationship between two companies when one company owns substantial interest, but less than a majority of the voting stock of another company, or when two companies are both subsidiaries of a third company.

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This dictionary contains 24549 terms.







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