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Definition of Switching
Liquidating an existing position and simultaneously reinstating a position in another futures
In mutual funds, the ability to transfer shares between funds in the same family by
Central bank switching of government deposits between the central bank and commercial banks.
Certificates issued by a U.S. depositary bank, representing foreign
Also called a time deposit, this is a certificate issued by a bank or thrift that
Checking accounts that pay no interest and can be withdrawn upon demand.
Check made out directly by a local bank to a particular firm or person.
DTC is a user-owned securities depository which accepts deposits of
The transfer of funds between bank accounts through the Automated
A short-term fixed rate time deposit denominated in a currency other than the local
A federal institution that insures bank deposits.
A receipt issued by a bank as evidence of ownership of one or more
A book-entry depository for GNMA securities. The depository was initially operated by
A large-denomination CD, generally $1MM or more, that can be sold but
Accounts that pay interest, typically at below-market interest rates, that do not have a
Synonymous with the term margin. A cash amount of funds that must be deposited
Security deposit (maintenance)
Related: Maintenance margin security market line (SML). A description of
Interest-bearing deposit at a savings institution that has a specific maturity.
Certificate of Deposit (CD)
A bank deposit that cannot be withdrawn for a specified period of time. See also term deposit.
A bank deposit that can be withdrawn on demand, such as a deposit in a checking account.
The process whereby the banking system transforms a dollar of reserves into several dollars of money supply.
Multiple Deposit Creation
The process whereby the money multiplier operates.
See term deposit.
An interest-earning bank deposit that cannot be withdrawn without penalty until a specific time.
See term deposit.
The direct transfer of payroll funds from the company bank account
Canadian Deposit Insurance Corporation
Better known as CDIC, this is an organization which insures qualifying deposits and GICs at savings institutions, mainly banks and trust companys, which belong to the CDIC for amounts up to $60,000 and for terms of up to five years. Many types of deposits are not insured, such as mortgage-backed deposits, annuities of duration of more than five years, and mutual funds.
A system where funds are electronically credited to your account by a financial institution or a payroll service. For example, you can arrange with your employer to have your pay cheques automatically deposited into your no fee bank account.
pre-authorized direct deposit
A system where funds are electronically credited to your account by a financial institution or a payroll service.
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