- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
World's leading financial information-service, news, and media company.
The formulationand issuance by authorised agencies of specific rules or regulations, under govering law, for the conduct and structure of banking.
Industry:Financial services
Purchase of a controlling interest (or percent of shares) of a company's stock. A leveraged buy out is effected with borrowed money.
Industry:Financial services
A series of unexpected cash withdrawals caused by a sudden decline in depositor confidence or fear that the bank will be closed by the chartering agency, i.e. many depositors withfraw cash almost simultaneously. Since the cash reserve a bank keeps on hand is only a small fraction of its depoits, a large number of withdrawals in a short period of time can deplete available cash and force the bank to close and possibly go out of business.
Industry:Financial services
Bank department that deals with estates, administers trusts, and provides services such as estate planning advice to its clients.
Industry:Financial services
An irrevocable trust that is designed to pay trust income (and principal, if needed) to an individual's spouse for the duration of the spouse's lifetime. The bypass trust is not part of the beneficiary spouse's estate and is not subject to federal estate taxes upon his/her death.
Industry:Financial services
A computer message system linking major banks. It is used not for effecting payments, but as a mechanism to advise the receiving bank of some action that has occurred, e.g., the payment by a customer of funds into that bank's account.
Industry:Financial services
A short-term credit investment created by a nonfinancial firm and guaranteed by a bank as to payment. Acceptances are traded at discounts to face value in the secondary market. These instruments have been a popular investment for money market funds. They are commonly used in international transactions.
Industry:Financial services
Time required for processing and clearing a cheque through the banking system.
Industry:Financial services
An agreement between a company engaged in a takeover bid and a bank that the bank will not finance the bid of another acquirer.
Industry:Financial services
