The impact on markets from the news that a change will occur at some future date. It can be used as a general term for the reaction to any development…

A banking practice that requires a borrower to pay off all balances of any renewable lines of credit and keep them at zero for 30 to 60 days or so. Although…

The amount that a savings account will have at some future date, or that a time deposit will have at maturity, assuming no withdrawals or additional deposits…

The amount of interest that a savings account will earn at some future date, assuming no deposits or withdrawals during the intervening period.Anticipated…

A short-term obligation that is issued for temporary financing needs by a municipality. The principal payoff may be covered by a future longer-term bond…

An article under the Uniform Commercial Code (UCC) that governs secured transactions. Article 9 encompasses a wide variety of possessory liens and determines…

An investment company chartered under Article XII of the New York State Banking Law. Established to finance international banking transactions, they are…

A proposed basket of Asian currencies, similar to the European Currency Unit, which was the precursor of the Euro. The Asian Development Bank is responsible…

Founded in 1966, its headquarters are in Manila, Philippines. The Asian Development Bank's primary mission is to foster growth and cooperation among countries…

A redit default swap wherein the reference asset is an asset-backed security rather than a corporate credit instrument. The buyer of an asset backed credit…

A review or evaluation assessing the credit risk associated with a particular asset. These assets usually require interest payments - such as a loans…

A short-term investment vehicle with a maturity that is typically between 90 and 180 days. The security itself is typically issued by a bank or other financial…

A lending program created by the Federal Reserve Board on September 19, 2008, that will provide new funding to U.S. financial institutions until October…

A short-term loan that is typically repaid by converting an asset, usually inventory or receivables, into cash. For example, let's say the TSJ Sports…

A risk-management committee in a bank or other lending institution that generally comprises the senior-management levels of the institution. The ALCO…

A document transferring all or part of the proceeds from a letter of credit to a third party beneficiary. To receive an assignment of proceeds, the beneficiary…

A bank that is affiliated, usually through membership, in a regional or national organization, such as a clearing house, an electronic payments network…

A payment due on demand. An at sight payment will require the party receiving the good or service to pay a certain sum immediately upon being presented…

An association of banks that work on behalf of its member financial institutions to provide analysis and advice on public policy regarding banking and…

The bank bill interest rate is the wholesale interbank rate within Australia and is published by the Australian Financial Markets Association (AFMA). It…

A generic term that refers to a code or password that identifies the user as authorized to purchase, sell or transfer items, or to enter information into…

Dictated by state laws or by trust instruments designed to restrict the kinds and amounts of investments allowed within a trust. In most cases, an authorized…

A bank that is authorized to submit checks and other cash items to the Federal Reserve for collection. The 12 reserve banks collect and pay checks for…

This is a $5 billion program funded by the U.S. Treasury intended to ensure the availability of parts to the U.S. auto industry. Due to the tenuous position…

An electronic banking outlet, which allows customers to complete basic transactions without the aid of a branch representative or teller. There are two…

A computer-generated loan underwriting decision. Using completed loan application information, an automated underwriting systems retrieves relevant data…

Routine, automated payments made from a banking, brokerage or mutual fund account to vendors. The automated function can be initiated either with the…

A type of personal savings system in which the plan contributor automatically deposits a fixed amount of funds at specified intervals into their investment…

A standing banking arrangement whereby transfers from a customer's account are made on a regular, periodic basis without further instruction or action…

A banking service offered to customers that has both a general and specific meaning. On a general level, it can mean any automatic transfer of funds between…

Funds that have been deposited by third-party check into a customer's bank account. These funds are typically not usable by the customer until the check…

The number of days it takes for a third-party check deposited into a customer's checking account to become available to the customer. While the funds…

Balances in checking or on-demand accounts where there is a delay in crediting funds to an account.  If a check deposit has not been cleared by the issuing…

The unused portion of an open line of credit, such as a credit card or a revolving loan (such as a home-equity line of credit). Available credit is the…

Funds that are available to an account holder for withdrawal or other use. This may include funds from an overdraft facility or line of credit, as well…

A guarantee added to a debt obligation by a third party who ensures payment should the issuing person default. The debt obligation could be a note, bond…

The balance on a loan or depositary account. A simple average balance is calculated by dividing the beginning balance plus the ending balance by two.A…

The average balance of collected funds (less any uncleared or uncollected deposits) in a bank account over a specified period, usually one month. The…

A finance/accounting method where costs (and interest) are based on the amount(s) owing at the end of each day. Most department store credit cards use…

1. The dollar amount of checks or other negotiable instruments that are in the process of collection over a certain period, divided by the number of days…

The unpaid, interest-bearing balance of a loan or loan portfolio averaged over a period of time, usually one month. The average outstanding balance refers…

A commitment to make a second take-out loan that piggybacks another loan. With a back-to-back commitment, once the terms of the first loan are satisfied…

Two letters of credit (LCs) used together to help a seller finance the purchase of equipment or services from a subcontractor. With the original LC from…

A check drawn on a nonexistent account or on an account with insufficient funds to honor the check when presented.  "Passing" bad checks is illegal, and…

A debt from a loan, credit line or accounts receivable that is recovered either in whole or in part after it has been written off or classified as a bad…

An account set aside by a company to account for and offset losses that arise as a result of defaults from futures loans. This figure may be calculated…

The contractual transfer of possession of assets or property for a specific objective. In bailment, the deliverer of the asset is the bailor, and the…

A report by a bank to a customer, normally a company or organization, informing the customer of the balances in their accounts. These real-time reports…

An oversized payment due at the end of a mortgage, commercial loan or other amortized loan. Because the entire loan amount is not amortized over the life…

A French term referring to the selling of insurance through a bank's established distribution channels, known as a Bancassurer.The result is a bank that…