The interest rate charged by banks in the United Arab Emirates for interbank transactions. In most cases, EIBOR is the reference rate most commonly used…

A person who is authorized to sign a negotiable security in order to transfer ownership from one party to another, or to approve the terms and conditions…

A type of mortgage in which the borrower makes only interest payments on the mortgage, while payments that would have gone to repay the principal are…

A fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest…

An exchange of cash flows between two parties that allows each party to diversify its income, while still holding its original assets. The two sets of…

A procedure that allows consumers to dispute bookkeeping errors or unauthorized transactions related to their commercial bank accounts. Federal Reserve…

A certificate provided by an approved bank that guarantees the indicated securities are deposited at that particular bank. For example, an investor who…

The equivalent of a money market rate on cash deposits made in the euro currency. Euro deposit rates will usually be quoted as "money market euro deposit…

A federal wire transmission advancing funds in Eurodollars from a U.S. bank with excess funds to another with insufficient reserves. Euro Feds settling…

The rate of interest at which panel banks borrow funds from other panel banks, in marketable size, in the EU interbank market. In other words, this is…

London Interbank Offer Rate denominated in euros. This is the interest rate that banks offer each other for large short-term loans in euros. The rate…

The weighted average of overnight Euro Interbank Offer Rates for inter-bank loans. EONIA is the standard interest rate for Euro currency deposits. The…

A financial institution that readily accepts foreign currency denominated deposits and makes foreign currency loans. The emergence of eurobanks has facilitated…

A check from a European bank that can be cashed at over 200,000 banks around the world displaying the "European Union" crest. A eurocheck is very similar…

An unsecured, short-term loan issued by a bank or corporation in the international money market, denominated in a currency that differs from the corporation…

A type of loan whose denominated currency is not the lending bank's national currency. A U.S. bank lending a corporation 10 million Russian rubles is…

Currency deposited by national governments or corporations in banks outside their home market. This applies to any currency and to banks in any country…

U.S.-dollar denominated deposits at foreign banks or foreign branches of American banks. By locating outside of the United States, eurodollars escape…

A bank was established in 1991 to aide ex-Soviet and Eastern European countries transitioning into democracies by developing free market economies. Today…

The central bank responsible for the monetary system of the European Union (EU) and the euro currency. The bank was formed in Germany in June 1998 and…

A negotiable security (receipt) that is issued by a European bank, and  that represents securities which trade on exchanges outside of the bank’s home…

A group of European countries that participates in the world economy as one economic unit and operates under one official currency, the euro. The EU's…

1. A British term that describes a revolving credit arrangement in which the borrower periodically renews the debt financing rather than having the debt…

A loan that does not require the principal amount to be paid off within a specified period of time. Evergreen loans are usually in the form of a short-term…

A banking term used to describe a check that cannot be processed. Reasons may include the fact that a stop payment order has been made, the customer's…

A term used to describe the income derived from mortgages or other assets backing a bond that is in excess of what is needed to retire the bond. The excess…

A loan made by a state chartered or national bank to an individual that is over the loan lending limit as established by law. The legal lending limit…

An organization of 11 central banks from the southeast and Pacific regions of Asia whose mandate is foster good relations among its member countries. The…

A financial institution or agency that provides trade financing to domestic companies for their international acitivites. Export credit agencies (ECAs)…

A total value that a bank is exposed to at the time of default. Each underlying exposure that a bank has is given an EAD value and is identified within…

A term used to describe financial assistance programs offered by lending institutions to help companies requiring capital These financial assistance…

The lending risk that occurs when the terms of a loan are confirmed simultaneously with the terms of a property sale. Because the mortgage terms are set…

A government-sponsored enterprise (GSE) that was created in 1938 to expand the flow of mortgage money by creating a secondary mortgage market. Fannie…

A list of commercial banks in the U.S. that are considered to be in financial difficulty. The Federal Deposit Insurance Corporation (FDIC) issues this…

A model thought to be used by the Federal Reserve that hypothesizes a relationship between long-term treasury notes and the market return of equities…

A group of 12 banking executives - one from each Federal Reserve District - that advises the Federal Reserve Board regarding the state of the banking…

A credit union chartered and supervised by the National Credit Union Association (NCUA), a federal government agency that functions much like the FDIC…

The U.S. corporation insuring deposits in the U.S. against bank failure. The FDIC was created in 1933 to maintain public confidence and encourage stability…

Passed in 1991 at the height of the Savings and Loan Crisis (S&L), this act fortified the FDIC's role and resources in protecting consumers. The most…

In the United States, a network of federally chartered financial institutions designed to provide credit-related services to the agricultural and farming…

Funds deposited to regional Federal Reserve Banks by commercial banks, including funds in excess of reserve requirements. These non-interest bearing…

The interest rate at which a depository institution lends immediately available funds (balances at the Federal Reserve) to another depository institution…

The branch of the Federal Reserve Board that determines the direction of monetary policy. The FOMC is composed of the board of governors, which has seven…

The banks that carry out Fed operations, including controlling the money supply and regulating member banks. There are 12 District Feds, headquartered…

The governing body of the Federal Reserve System. The seven members of the board of governors are appointed by the president, subject to confirmation…

Refers to the process of the Federal Reserve lending funds on a very short-term basis to member banks in order to meet their liquidity and reserve needs…

Refers to the over-estimation of the country's money supply due to uncleared checks showing as an asset on the books of both the receiving and sending…

The most accurate term used to describe the paper currency (dollar bills) circulated in the United States. These Federal Reserve Notes are printed by…

Rules put in place by the Federal Reserve Board to regulate the practices of banking and lending institutions, usually in response to laws enacted by…

The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System…