Financial Dictionary

This dictionary contains:
24549
financial terms

Bank




Bank

A commercial institution licensed as a receiver of deposits. Banks are mainly concerned with making and receiving payments as well as supplying short-term loans to individuals.

RELATED TERMS
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Receiver
A bankruptcy practitioner appointed by secured creditors to oversee the repayment of debts.

Short-term
Any investments with a maturity of one year or less.



SIMILAR TERMS
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PREVIOUS AND NEXT TERMS
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Balloon payment
The final (large) payment that repays all the remaining principal and interest of a partially amortized or unamortized loan.

Ballot
The document distributed at the annual meeting to shareholders of record who wish to vote their shares in person.

Baltic exchange
A self regulated London exchange serving world wide interests. It is the world's premier maritime market for ship chartering and sale and purchase.

Bancassurance
A combination of banking and insurance business.

Band earnings
Pay between the lower earnings limit and upper earnings limit which is used to determine National Insurance Contributions.

Bank

Bank anticipation notes (BAN)
Notes issued by states and municipalities to obtain interim financing for projects that will eventually be funded long term through the sale of a bond issue.

Bank collection float
The time that elapses between when a check is deposited into a bank account and when the funds are available to the depositor, during which period the bank is collecting payment from the payer's bank.

Bank credit
The maximum credit an individual may secure from his/her bank.

Bank depenture
Bank debentures cannot be publicly traded and even in jurisdictions where a letter of credit can also be called a "bank guarantee", such guarantees cannot be traded or sold publicly on a market.

Bank discount basis
A convention used for quoting bids and offers for Treasury bills in terms of annualized yield, based on a 360-day year.

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This dictionary contains 24549 terms.







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