Banking that includes investment services in addition to services related to savings and loans. This is more common in European countries because there…

A lien for which the holder has not provided a valid claim. Unperfected liens leave lenders open to the possibility that other creditors can challenge…

The abbreviation for the United States Treasury. UST is commonly used for references to the Treasury debt that the U.S. issues. Traders will often use…

1. The lawful right of an individual or entity to gain access to tangible or intangible property now or in the future. A vested interest is an entitled…

The account a correspondent bank, usually U.S. or UK, holds on behalf of a foreign bank. Also known as a loro account. Vostro is latin for yours.

A type of payment scheme in which higher-tiered creditors receive interest and principal payments, while the lower-tiered creditors receive only interest…

A mortgage in which the funds are obtained before all required documentation is completed. Wet loans allow the borrower to purchase property in a more…

Funds borrowed by corporations, in high amounts, through financial institutions. Wholesale money is a way for large institutions to obtain capital without…

A company whose different branches are linked by a communications system enabling the sharing of financial information, research, and prices. Banks are…

A non-independent broker working for a wire house firm, or a firm with multiple branches such as a national brokerage house. A wire house broker is typically…

An electronic transfer of funds across a network administered by hundreds of banks around the world. Wire transfers allow people in different geographic…

A condition requiring a purchaser using financing to have adequate credit - as approved by his or her financial lending institution - for the transaction…

Removing funds from an account, plan, pension or trust. In some cases, conditions must be met in order to withdraw funds without penalization. There are…

Five international organizations dedicated to providing financial assistance and advice to countries struggling with poverty and economic development…

A loan that is most commonly used with property with an outstanding loan. The seller lends the buyer the difference between the existing loan and the…

A statistical measure that quantifies the distance (measured in standard deviations) a data point is from the mean of a data set. In a more financial…

A checking account in which a balance of zero is maintained by automatically transferring funds from a master account in an amount only large enough to…

A type of  bad debt that is so old a person may have forgotten he or she owed it in the first place. The debt has likely been given up on by the company…