Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
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Definition of Consortium banks
A merchant banking subsidiary set up by several banks that may or may not be of the
The institutions that regulate and lend to savings and loan associations. The
The twelve district banks in the Federal Reserve System.
banks that raise most of their funds from the domestic and international money markets, relying less on depositors for funds.
A loan in which two companies in separate countries borrow each other's currency for a
A short term loan to cover the immediate cash requirements until permanent financing is received.
Related: Call money rate.
A mortgage loan on newly developed property that the builder subsidizes during the
A bank term loan that calls for no amortization.
An agreement between a creditor and a borrower, where the creditor has loaned an amount to the borrower for business purposes.
An overly aggressive accrual of operating expenses and the creation of
Overnight, collateralized loan made to a dealer financing his position by borrowing from a
A loan which must be repaid in full on demand.
An electronic funds transfer system used by businesses to remit taxes to the government.
Given the after-tax stream associated with a lease, the maximum amount of conventional
Any excess of actual reserves above required reserves.
reserves of commercial banks in excess of those they are legally required to hold.
Farm Improvement and Marketing Cooperatives Loans Act
Federal agency securities
Securities issued by corporations and agencies created by the U.S. government,
Federal credit agencies
Agencies of the federal government set up to supply credit to various classes of
Federal Deposit Insurance Corporation (FDIC)
A federal institution that insures bank deposits.
Federal Employer Identification Number
A unique identification number issued
Federal Financing Bank
A federal institution that lends to a wide array of federal credit agencies funds it
Non-interest bearing deposits held in reserve for depository institutions at their district federal
Federal funds market
The market where banks can borrow or lend reserves, allowing banks temporarily
Federal funds rate
This is the interest rate that banks with excess reserves at a federal reserve district bank
Federal Funds Rate
The interest rate at which banks lend deposits at the federal reserve to one another overnight.
Federal Insurance Contributions Act of 1935 (FICA)
A federal Act authorizing the government to collect Social Security and Medicare payroll taxes.
Federal Open Market Committee (FOMC)
Fed committee that makes decisions about open-market operations.
Federal Reserve Board
Board of Governors of the federal reserve System.
Federal Reserve System
The central bank of the U.S., established in 1913, and governed by the federal
Federal Reserve System
The central banking authority responsible for monetary policy in the United States.
Federal Reserve (the Fed)
The central bank in the United States, responsible for setting interest rates.
Federal Unemployment Tax Act (FUTA)
A federal Act requiring employers to pay a tax on the wages paid to their employees, which is then used to create a
Federally related institutions
Arms of the federal government that are exempt from SEC registration and
A loan on which the rate paid by the borrower is fixed for the life of the loan.
Fixed Rate Loan
loan for a fixed period of time with a fixed interest rate for the life of the loan.
Foreign Exchange Reserves
A fund containing the central bank's holdings of foreign currency or claims thereon.
Fractional Reserve Banking
A banking system in which banks hold only a fraction of their outstanding deposits in cash or on deposit with the central bank.
Freddie Mac (Federal Home Loan Mortgage Corporation)
A Congressionally chartered corporation that
Excess reserves minus member bank borrowings at the Fed.
Sale of some shares of stock to get cash that would be similar to receiving a cash dividend.
Idea that as long as individuals borrow (or lend) on the same terms as the firm, they can
loan made by one unit of a corporation to another unit of the same corporation.
See foreign exchange reserves.
A secured short-term loan to purchase inventory. The three basic forms are a blanket
loans of $1 billion or more. Or, loans that exceed the statutory size limit eligible for purchase or
Legal Reserve Requirement
See reserve requirement.
Loan amortization schedule
The schedule for repaying the interest and principal on a loan.
Borrowed funds having a fixed interest rate.
Express stipulations included in loan agreements that are designed to monitor
Group of banks sharing a loan. See: syndicate.
The amount a policyholder may borrow against a whole life insurance policy at the interest rate
Amounts that have been loaned to the company and that it still owes.
Give the borrower the possibility of drawing a loan in different currencies.
loans usually represented by conventional mortgages on multi-family rental apartments.
Negative Loan Covenants
loan covenants designed to limit a corporate borrower's behavior
Holdings of gold and foreign currencies by official monetary institutions.
A loan advanced under an operating line of credit.
A process whereby two companies in different countries borrow each other's currency for a
A lump sum that you borrow from a financial institution for a specified period of time. To repay the loan, you pay interest on the entire lump sum, and make payments on a scheduled basis.
Positive Loan Covenants
loan covenants expressing minimum and maximum financial measures
Project loan certificate (PLC)
A primary program of Ginnie Mae for securitizing FHA-insured and coinsured
Project loan securities
Securities backed by a variety of FHA-insured loan types - primarily multi-family
Usually FHA-insured and HUD-guaranteed mortgages on multiple-family housing complexes,
The dollar amounts based on reserve ratios that banks are required to keep on deposit at a federal reserve Bank.
reserves that the central bank requires commercial banks to hold.
An accounting entry that properly reflects the contingent liabilities.
A foreign currency held by a central bank or monetary authority for the purposes of
A currency, frequently the U.S. dollar, that is used by other countries to denominate the assets they hold as international reserves.
See reserve requirement.
This calculation is used by states to determine the unemployment contribution rate to charge employers. The ongoing balance of a firm’s unclaimed
Specified percentages of deposits, established by the federal reserve Board, that banks must
Fraction of total deposits that a commercial bank is required by the central bank to hold in the form of reserves.
The percentage of different types of deposits that member banks are required to hold
Material that has been reserved for a specific purpose.
Commercial banks' reserves consist of their holdings of cash and their balances in deposits with the central bank. See also foreign exchange reserves, excess reserves, required reserves, reserve requirement.
Savings and Loan association
National- or state-chartered institution that accepts savings deposits and
secured loan or line of credit
A lump sum of funds (loan), or a revolving source of credit with a pre-established limit (line of credit), for which the customer must provide collateral.
loan to finance current assets, The sale of the current assets provides the cash to repay
A bank loan, typically with a floating interest rate, for a specified amount that matures in between
A secured loan made to business concerns for a specific period (normally three to ten years). It is repaid with interest, usually with periodical payments.
A loan extended by a bank for a specific purpose. In contrast, lines of credit and revolving
Variable rate loan
loan made at an interest rate that fluctuates based on a base interest rate such as the
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