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Confirming bank
Confirming bankThe bank which has confirmed a letter of credit opened by another bank. RELATED TERMS-------------------------------------- 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. Credit Money loaned. SIMILAR TERMS-------------------------------------- Confidence indicator A measure of investors' faith in the economy and the securities market. A low or deteriorating level of confidence is considered by many technical analysts as a bearish sign. Confidence level In risk analysis, the degree of assurance that a specified failure rate is not exceeded. Confirmation The written statement that follows any "trade" in the securities markets. Confirmation is issued immediately after a trade is executed, spelling out settlement date, terms, commission, etc. Confirmed Letter of Credit A letter of credit which a bank other than the bank that opened it agrees to honor as though they had themselves issued it. Conforming loans Mortgage loans that meet the qualifications of Freddie Mac or Fannie Mae, which are bought from lenders and issued as pass-through securities. PREVIOUS AND NEXT TERMS-------------------------------------- Conduit theory A theory that because investment companies are merely conduits for capital gains, dividends, and interest, which are in fact passed through to shareholders, the investment company should not be taxed at the corporate level. Confidence indicator A measure of investors' faith in the economy and the securities market. A low or deteriorating level of confidence is considered by many technical analysts as a bearish sign. Confidence level In risk analysis, the degree of assurance that a specified failure rate is not exceeded. Confirmation The written statement that follows any "trade" in the securities markets. Confirmation is issued immediately after a trade is executed, spelling out settlement date, terms, commission, etc. Confirmed Letter of Credit A letter of credit which a bank other than the bank that opened it agrees to honor as though they had themselves issued it. Confirming bank Conforming loans Mortgage loans that meet the qualifications of Freddie Mac or Fannie Mae, which are bought from lenders and issued as pass-through securities. Conglomerate A firm engaged in two or more unrelated businesses. Conglomerate merger A merger involving two or more firms that are in unrelated businesses. Consensus forecast The mean of all financial analysts' forecasts for a company. Consignment Transfer of goods to a seller while title to the merchandise is retained by the owner. We thank you for using the Financial Dictionary to search for Confirming bank. If you have a better definition for Confirming bank than the one presented here, please let us know by making use of the suggest a term option. This definition of Confirming bank may be disputed by other professionals. Our attempt is to provide easy definitions on Confirming bank and any other medical topic for the public at large.
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