|Federally related institutions|
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Definition of Federally related institutions
Federally related institutions
Arms of the federal government that are exempt from SEC registration and
Provides additional financial SECurity should an insured person be dismembered or lose the use of a limb as the result of an accident.
Refers to the reduction of debt by regular payments of interest and principal in order to pay off a loan by maturity.
Also known as a trading index (TRIN)= (number of advancing issues)/ (number of declining
Bond or note SECured by assets of company.
A SECurity that is collateralized by loans, leases, receivables, or installment contracts
the right (usually by virtue of position or rank) to use resources to accomplish a task or achieve an objective
A debt or equity SECurity not classified as a held-to-maturity SECurity or a trading SECurity. Can be classified as a current or noncurrent investment depending on the intended holding period.
The person or party designated to receive proceeds entitled by a benefit. Payment of a benefit is triggered by an event. In the case of credit insurance, the beneficiary will always be the creditor.
The requirement that a claim holder voting against a plan of reorganization
The Treasury and federal agencies are moving to a book-entry system in which SECurities are not represented by engraved pieces of paper but are maintained in computerized records at the
A consumer who borrows money from a lender.
An agreement between a creditor and a borrower, where the creditor has loaned an amount to the borrower for business purposes.
A method of analysis in which a firm is compared to others that have a desired
credit granted by a firm to consumers for the purchase of goods or services. Also called
A federal Act specifying the proportion of
A SECurity that can be converted into common stock at the option of the SECurity holder,
Buying or selling goods or services now with the intention of payment following at some time in
One side of a journal entry, usually depicted as the right side.
A rating of a company's credit (ability to payback debt), usually by a third party credit agency.
On your bank statement, 'credit' represents funds that you have deposited into your account. The opposite of a credit is a debit.
The process of analyzing information on companies and bond issues in order to estimate the
Procedure to determine the likelihood a customer will pay its bills.
An organization that provides financial institutions with credit information concerning existing or potential customers who are looking to obtain credit services.
A revolving source of credit with a pre-established limit. You have to pay interest on a credit card if you have an outstanding balance.
A decline in the ability or willingness of banks to lend.
Purchase of the financial guarantee of a large insurance company to raise funds.
A loan receivable that has proven uncollectible and is written off.
A record of the funds which have been credited to your account.
The length of time for which the customer is granted credit.
Standards set to determine the amount and nature of credit to extend to customers.
Restriction of loans by lenders so that not all borrowers willing to pay the current interest rate are able to obtain loans.
The risk that an issuer of debt SECurities or a borrower may default on his obligations, or that the
Financial and moral risk that an obligation will not be paid and a loss will result.
A statistical technique wherein several financial characteristics are combined to form a single
Conditions under which credit is extended by a lender to a borrower.
credit unions are community based financial co-operatives and most offer a full range of services. All are owned and controlled by members who are also shareholders. credit unions are regulated provincially and insured by a stabilization fund, deposit insurance or guarantee corporation.
The interest rate offered on an investment type insurance policy.
Lender of money.
Person or business that is owed money.
Creditor (Credit Insurance)
A lender or lending institution that offers financing and loans to a borrower, for the purpose of acquiring a commodity.
Creditor Proof Protection
The creditor proof status of such things as life insurance, non-registered life insurance investments, life insurance RRSPs and life insurance RRIFs make these attractive products for high net worth individuals, professionals and business owners who may have creditor concerns. Under most circumstances the creditor proof rules of the different provincial insurance acts take priority over the federal bankruptcy rules.
Purchases of goods or services from suppliers on credit to whom the debt is not yet paid. Or a
Critical Illness Insurance (Credit Insurance)
Coverage that provides a lump-sum payment should you become seriously ill with a specified illness. The payment is made to your creditors to pay off your debt owing.
A statistical methodology applied to a set of firms at a particular point in time.
Debt (Credit Insurance)
Money, goods or services that someone is obligated to pay someone else in accordance with an expressed or implied agreement. Debt may or may not be SECured.
IOUs created through loan-type transactions - commercial paper, bank CDs, bills, bonds, and
A SECurity representing a debt relationship with an enterprise, including a government
Demand line of credit
A bank line of credit that enables a customer to borrow on a daily or on-demand basis.
A financial SECurity, such as an option, or future, whose value is derived in part from the
Disability Insurance (Credit Insurance)
Group Insurance designed to cover monthly obligations due to a borrower being unable to work due to sickness or injury.
Non-interest-bearing money market instruments that are issued at a discount and
Electronic Federal Tax Payment Systems (EFTPS)
An electronic funds transfer system used by businesses to remit taxes to the government.
Employee Retirement Income Security Act of 1974 (ERISA)
A federal Act that sets minimum operational and funding standards for employee benefit
An ownership interest in an enterprise, including preferred and common stock.
Intermediate-term loans of Eurocurrencies made by banking syndicates to corporate and
Revolving credit without maturity.
SECurity that grants the SECurity holder the right to exchange the SECurity for the
Instruments exempt from the registration requirements of the SECurities Act of 1933 or the
Export Credit Insurance
The granting of insurance to cover the commercial and political risks of selling in foreign markets.
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 Home Loan Banks
The institutions that regulate and lend to savings and loan associations. The
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 Banks
The twelve district banks in the federal Reserve System.
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
Five Cs of credit
Five characteristics that are used to form a judgement about a customer's creditworthiness:
A nonnegotiable debt SECurity that can be redeemed at some fixed price or according to
A SECurity that pays a specified cash flow over a
SECurity paying dividends or interest that vary with short-term interest rates.
Foreign tax credit
Home country credit against domestic income tax for foreign taxes paid on foreign
Formalized Line of Credit
A contractual commitment to make loans to a particular borrower up to a specified maximum during a specified period, usually one year.
Freddie Mac (Federal Home Loan Mortgage Corporation)
A Congressionally chartered corporation that
The cost of a product/service that includes an allocation of all the (production and
A method of accounting for petroleum exploration and development expenditures
see absorption costing
Full coupon bond
A bond with a coupon equal to the going market rate, thereby, the bond is selling at par.
Full Credit Period
The period of trade credit given by a supplier to its customer.
The level of employment corresponding to the natural rate of unemployment.
The level of output produced by the economy when operating at the natural rate of unemployment.
Full faith-and-credit obligations
The SECurity pledges for larger municipal bond issuers, such as states and
See: financial lease.
Also called dirty price, the price of a bond including accrued interest. Related: flat price.
Also called rental lease. Lease in which the lessor promises to maintain and insure the
Fully diluted earnings per shares
Earnings per share expressed as if all outstanding convertible SECurities
Fully modified pass-throughs
Agency pass-throughs that guarantee the timely payment of both interest and
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