A Financial Supermarket is a company that offers an extensive range of financial services under one roof, such as stock trading, insurance, real estate brokerage, and banking services.
An in-depth look at the process and strategies involved in borrowing money for various financial needs.
An in-depth look at the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA), covering its purpose, history, provisions, and impact on the financial industry.
An in-depth exploration of fiscal agents, their duties including disbursing funds, handling taxes related to bonds, redeeming bonds and coupons, and paying rents.
A detailed exploration of FIT Investments, covering various types, historical context, and applicability in modern financial markets.
An in-depth look at the concept of Float in Banking, Securities, and Insurance, including checks in transit, new issue of securities, and insurance premiums.
A comprehensive overview of Floor Loan, the minimum amount a lender is willing to advance, including definitions, examples, and related terms.
Floor Plan Insurance provides coverage for lenders who have accepted property on the floor of a merchant as security for a loan. The policy indemnifies the lender if the merchandise is damaged or destroyed, covering all risks.
Form 8-K is a report that public companies file with the SEC to disclose material events that shareholders should know about, such as lawsuits or changes in auditors.
An in-depth exploration of a Foul Bill of Lading, including its definition, types, historical context, and applicability in various sectors.
An in-depth analysis of fractional reserve banking, where banks retain reserves that are less than their total deposits. Understand its mechanics, history, and impact on the economy.
Freddie Mac, formally known as the Federal Home Loan Mortgage Corporation, is a government-sponsored entity that plays a crucial role in the American mortgage market.
A Frozen Account is a bank account from which funds may not be withdrawn until a lien is satisfied and a court order is received freeing the balance. It can occur due to various legal disputes or requirements.
A detailed exploration of fully amortized loans, their structure, benefits, types, and application in various financial contexts.
A comprehensive overview of the term 'Fund' including its types, uses, historical context, examples, and related terms.
An in-depth look into the concept of a Fund Family, also known as a Family of Funds, within the realm of investments, mutual funds, and asset management.
A detailed overview of funded debt, emphasizing its definition, types, examples, historical context, and related financial concepts.
A comprehensive guide to understanding G-Type Reorganization, a mechanism involving the transfer of a corporation's assets in bankruptcy to another corporation with tax-free or partially tax-free distribution of stocks or securities to shareholders.
A comprehensive overview of the GAP Amount in financial needs and considerations for achieving full funding.
A complete guide to understanding Generation-Skipping Transfers, their tax implications, types, and historical context.
The Glass-Steagall Act of 1933 was landmark legislation passed by the United States Congress that authorized deposit insurance and prohibited commercial banks from owning brokerage firms, aimed at restoring confidence in the banking system during the Great Depression. It was largely repealed by the Financial Services Modernization Act of 1999.
Good Delivery refers to a certificate in the securities industry that meets all requirements for transfer, including necessary endorsements and qualifications.
Detailed exploration of federal funds in banking, their same-day clearance, and contrast with clearinghouse funds, including Gresham's Law on monetary circulation.
A Good-Faith Deposit represents money advanced to indicate intent to pursue a contract to completion. It varies in definition and application across different contexts such as commodities and securities.
An in-depth exploration of Graduated Payment Mortgages (GPM), their structure, applicability, historical context, and much more.
Comprehensive look at the gross estate, encompassing its definition, components, calculation methods, and relevance in estate planning and taxation.
A comprehensive guide to understanding Guarantee Letters, their uses, examples, historical context, and relevance in finance and banking.
A guarantee of signature is a certificate issued by a bank or brokerage firm vouching for the authenticity of a person's signature, often required when transferring registered securities.
Understand the concept of Guaranteed Mortgage, its types, features, historical context, and relevance in modern finance.
A comprehensive exploration of a guarantor, an individual or entity that guarantees, endorses, or provides indemnity agreements related to debts. This entry covers types, historical context, examples, and frequently asked questions.
A detailed analysis of 'hangout,' the remaining balance of a loan when the term of a loan extends beyond the term of the lease.
High Credit refers to the maximum amount of loans or trade credit recorded for a customer or company, providing a clear indication of their creditworthiness.
A comprehensive exploration of holdback in real estate, including its definition, types, and practical applications in finance, loan commitments, construction contracts, and more.
A comprehensive explanation of a holder in due course, including its legal definition, requirements, and significance in financial and property transactions.
Understand what a Home Equity Loan is, how it works, its applicability, historical context, benefits, and considerations.
An in-depth look into Homeowner's Equity Accounts, examining their structure, benefits, and implications within the financial landscape.
An in-depth look at Hybrid Adjustable-Rate Mortgages (ARMs), which blend fixed interest rates with periodic adjustments to help borrowers in financing their home purchases.
A thorough exploration of hypothecation, including its definition, applications, legal context, and implications for both creditors and debtors.
An impound account is a type of account held by a third party on behalf of two other parties involved in a financial transaction, often used to cover future expenses such as property taxes and insurance premiums.
An in-depth analysis of Incident of Ownership, its implications on property control, and its significance in estate and tax planning.
Indenture is a formal agreement, also known as a deed of trust, between an issuer of bonds and the bondholder, covering various considerations like the form of the bond, amount issued, pledged properties, protective covenants, working capital and ratio, and redemption rights.
An Indexed Loan is a long-term loan in which the term, payment, interest rate, or principal amount may be periodically adjusted according to a specific index. The index and the manner of adjustment are specified in the loan contract.
An in-depth understanding of Industrial Development Bonds (IDBs), their definitions, types, special considerations, examples, historical context, and related terms.
A detailed exploration of the mathematical factor derived from compound interest functions to determine the level periodic payment needed to retire a $1 loan within a specific time frame.
An in-depth look at institutional lenders who invest in loans and securities, their roles, and regulations governing their activities.
An in-depth examination of insurance policies, including definitions, types, premiums, claims, and other key aspects of insurance contracts.
An insured account is a financial account at a bank, savings and loan association (S&L), credit union, or brokerage firm that is protected by federal, state, or private insurance organizations. This entry explores various types, coverage limits, and implications of insured accounts.
The Interbank Rate, commonly referred to as LIBOR (London Interbank Offered Rate), is the rate at which banks lend to one another in the international interbank market.
An Interest-Only Loan is a type of loan where only the interest is payable at regular intervals until the loan matures, at which point the full loan principal is due. This loan type does not require amortization.
Inventory Financing involves loans made against inventory or in anticipation of future sales. It is a crucial mechanism for dealers in consumer or capital goods, providing financial support for inventory management and future growth.
An Inventory Loan is a type of financing wherein a business can use its inventory as collateral to secure a loan.
Detailed definition and roles of Investment Bankers, including their functions as underwriters or agents, historical context, and comparisons with related roles.
Understanding the concept of 'Irrevocable' and its applications in finance, banking, and beyond.
An issuer is a legal entity with the power to issue and distribute securities, including corporations, municipalities, foreign and domestic governments, their agencies, and investment trusts.
A comprehensive guide to understanding judgment creditors, their rights, and their impact on debt collection and creditor priority.
A detailed look into Jumbo Certificates of Deposit, high-denomination time deposits typically used by large financial institutions, featuring their characteristics, benefits, and considerations.
A comprehensive overview of what constitutes a junior issue in finance, including its implications, types, examples, and comparisons with other securities.
Junior security refers to a class of securities that hold a subordinate claim on the assets and income of an entity compared to senior securities.
An in-depth exploration of Kiting practices in banking and securities, their mechanisms, historical background, and legal implications.
An in-depth exploration of the Know-Your-Customer (KYC) Rule, an ethical concept in the securities industry that ensures the suitability of financial transactions for customers.
An in-depth look at late charges, their calculation, implications, and relevance in financial and contractual contexts.
A comprehensive guide to Legal Investments, including definitions, qualifications, guidelines, and related fiduciary responsibilities.
A comprehensive guide to lenders, entities that provide financial resources to borrowers with an expectation of repayment, often with interest. Covers their role, types, examples, and relevance in various contexts.
An in-depth exploration of the responsibilities of financial institutions to borrowers, including potential liability for not fulfilling loan commitments.
A Letter of Credit (L/C) is a financial document issued by a bank guaranteeing a buyer's payment to a seller, used extensively in international trade to mitigate risks.
A Letter of Credit (L/C) is a financial instrument issued by a bank that guarantees payment to a seller on behalf of the buyer, up to a stated amount and within a specified period. Widely used in international trade, it minimizes the seller's risk by substituting the bank's credit for the buyer's.
A level-payment mortgage entails making uniform payments every month or other designated period, covering principal and interest, ensuring full amortization by the end of the loan term.
A comprehensive guide to leveraged companies, focusing on the implications of having debt in addition to equity in their capital structure. This entry covers definitions, examples, historical context, and related financial terms.
A leveraged lease is a financial arrangement where a lender, usually a bank or insurance company, joins the lessor and lessee to finance an asset, with significant cash input from the lender.
A comprehensive overview of Liar Loans, also known as No-Documentation Loans, including their implications, historical context, and related terms.
A comprehensive explanation of LIBOR, including its definition, calculation, historical context, and significance in the global financial system.
A Line of Credit is a flexible financing arrangement where a financial institution promises to lend up to a certain amount. The borrower can access funds as needed up to the credit limit and is expected to reduce the debt after reaching the full amount of credit.
A comprehensive definition and exploration of loan transactions, including key concepts, types, considerations, historical context, examples, and more.
Loan amortization describes the process of reducing debt through regular, scheduled payments of principal and interest, ensuring the full repayment of the loan by its maturity date.
Detailed description of the loan application process including required information, significance, and examples.
Loan Closing refers to the final process where all documents are signed, and funds are transferred, completing the loan agreement.
A Loan Commitment involves an agreement where a lender agrees to lend a specified amount of money under specified terms at a future date. This entry covers types, considerations, examples, and historical context.
Loan Fraud involves intentionally providing false information on a loan application to better qualify for a loan. This act may lead to civil liability or criminal penalties.
A comprehensive overview of the responsibilities and functions of a Loan Officer in managing the loan application process within financial institutions.
An in-depth look at loan origination fees, their purpose, calculation, impact on borrowers, and their relationship with points.
A Loan Package is a collection of documents necessary for obtaining loan approval from financial institutions. This entry provides a detailed overview of the components, purposes, and processes involved in a Loan Package.
Comprehensive overview of loan value including examples and historical context. Covering its meaning in terms of collateral and life insurance policies.
An in-depth overview of the London Interbank Offered Rate (LIBOR), a crucial financial benchmark that influences global economics, particularly in the Eurodollar market.
A comprehensive guide to the Loan-to-Value Ratio, its significance in finance, how it is calculated, and its applications.
An in-depth look at what constitutes a maintenance fee, including its types, applications in different sectors, and its importance in maintaining common elements in real estate and banking.
A comprehensive exploration of Margin Call, explaining its definition, types, considerations, examples, historical context, applicability, related terms, and more.
The Medallion Stamp Program is an initiative approved by the Securities Transfer Association that enables participating financial institutions to guarantee signatures on stock certificates or stock powers, ensuring authenticity and reducing fraud.
A comprehensive look at Member Banks within the Federal Reserve System, including their roles, benefits, and requirements.
A detailed exploration of Merchant Banks, including their functions, historical context, types, and comparisons with other financial institutions.
An overview of the minimum payment required on revolving charge accounts, its financial implications, and related considerations.
This entry explains the terms mint, mintage, and minting of money, highlighting the processes involved in the production of coinage, primarily by governmental bodies.
An in-depth overview of the Monetary Base, its composition, significance, and role in the economy. Includes definitions, historical context, examples, and related concepts.
An in-depth look at monetary reserves, including government's foreign currency and precious metals stockpile, and Federal Reserve Board's bank requirements.
An in-depth exploration of Money Center Banks, their significant role in global finance, their operations, and their influence on national and international markets.
A money order is a financial instrument that can be easily converted into cash by the payee named on the money order. Money orders list both the payee and the purchaser, known as the payor. They are issued by banks, telegraph companies, post offices, and travelers' check issuers to individuals presenting cash or other forms of acceptable payment.
Moral hazard refers to the increased risk-taking behavior of entities that believe they will be bailed out by the government or other institutions if their decisions lead to negative outcomes.
A comprehensive guide to Mortgage Assumption, detailing what it is, how it works, its advantages and disadvantages, types, historical context, applicability, and related terms.
A comprehensive look into the role of a mortgage banker, including definitions, functions, examples, and historical context in mortgage financing.
A detailed overview of Mortgage Commitment, its types, special considerations, examples, historical context, applicability, comparisons, related terms, and frequently asked questions.
Understand the Mortgage Constant, a valuable metric in finance representing the percentage ratio between the annual debt service and the loan principal. Learn its significance in real estate, banking, and investment.
