Home > Term: claim
claim
Right to a specific payment. A demand by one person on another under asserted legal or judicial rights. In the case of a nominal claim, the demand is exclusively for a certain sum of money. In bank balance sheets a distinction is drawn between claims on banks and claims on clients. See also receivables.
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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Creator
- Stefan K
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