Banking

€STR: The European Central Bank’s Replacement for EURIBOR
Comprehensive coverage of €STR, including its historical context, structure, key events, mathematical formulas, applicability, examples, comparisons, interesting facts, FAQs, and references.
100 Per Cent Gold Backing: Historical Monetary Policy
A reserve rule requiring the bank issuing a currency to hold gold of equal value. Learn the historical context, key aspects, and implications of 100 per cent gold backing.
30-Day Delinquency: A Preliminary Stage of Loan Default
30-Day Delinquency refers to loans overdue by one month and is an early indicator of potential financial difficulties faced by the borrower before escalating to severe delinquency stages.
90-Day Delinquency: Understanding the Implications
A 90-Day Delinquency occurs when a loan payment is overdue by three months, which can lead to severe financial repercussions, including foreclosure.
ABCP: Asset-Backed Commercial Paper
A comprehensive overview of Asset-Backed Commercial Paper, including its historical context, types, key events, formulas, and applicability in finance.
Above Par: When Asset Value Surpasses Expectations
Above Par refers to an asset trading at a price higher than its par value. It commonly applies to bonds but can be used for other financial instruments.
Acceleration: The Action of a Lender in Demanding Early Repayment
Acceleration in finance refers to a lender's right to demand early repayment of a loan when the borrower defaults on their payment or other contractual obligations.
Account: Comprehensive Overview
A detailed look into the concept of 'Account,' encompassing its various meanings and applications in finance, banking, and accounting.
Account Holder: An Individual Who Owns An Account
Comprehensive definition and explanation of an account holder, including types, examples, legal considerations, and related terms.
ACH Transfers: Recurring Transaction Processing
An in-depth look at ACH transfers, commonly used for recurring transactions and known for their longer processing times compared to wire transfers.
Actual/365: A Day Count Convention in Finance
Actual/365 is a day count convention commonly used in finance that calculates interest and periods by dividing by 365 days, emphasizing greater accuracy over a full year.
Actual/Actual: A Day Count Convention
A comprehensive definition of the Actual/Actual day count convention, including its types, features, applications, and historical context.
Actual/Actual (A/A): Day Count Convention
The Actual/Actual (A/A) method is a day count convention in finance and accounting that considers the actual number of days in the month and year for interest calculations.
Adjustment Period: The Interval at Which a Floating Rate is Recalculated
An in-depth exploration of the Adjustment Period, the interval at which a floating rate is recalculated, including examples, applicability, and frequently asked questions.
Advance Payment Bond: Financial Guarantee Explained
An Advance Payment Bond guarantees reimbursement of advance payments if a company fails to fulfill contractual obligations. Typically provided by bankers, these bonds indemnify companies.
After Date: Financial Term in Bills of Exchange
A comprehensive exploration of the term 'After Date' used in bills of exchange, including historical context, types, key events, and detailed explanations.
Agency Agreement: Defining the Contractual Relationship
An in-depth exploration of Agency Agreements, their historical context, types, importance, and applications in various fields such as banking, law, and business. Includes key events, detailed explanations, and relevant models.
Allonge: An Extension for Endorsements
An allonge is a slip of paper attached to a negotiable instrument for the purpose of adding more endorsements.
Amortization Schedule: Loan Repayment Plan
An in-depth exploration of amortization schedules, detailing how and when loan repayments are made, including formulas, examples, and key considerations.
Amortizing Loan: A Comprehensive Overview
A detailed examination of amortizing loans, including types, key events, formulas, charts, importance, examples, and more.
Annual Interest Rate: The Percentage of Interest Charged or Earned Per Year
An in-depth explanation of the Annual Interest Rate, its significance in finance, calculation methods, examples, historical context, and its role in various financial instruments.
Asset Protection Scheme: A UK Government Initiative
An in-depth exploration of the Asset Protection Scheme (APS), a UK government initiative designed to revive bank lending post-global financial crisis.
Assumable Loan vs. Non-Assumable Loan: Transferability of Mortgage Obligations
A detailed exploration of Assumable and Non-Assumable Loans, including their definitions, key differences, historical context, and applicability in real estate transactions.
AT SIGHT: Understanding Payment Terms on a Bill of Exchange
AT SIGHT refers to a term on a bill of exchange indicating that payment is due immediately upon presentation. This article delves into the historical context, significance, types, and practical applications of this financial term.
ATM Card: Card used to withdraw cash from ATMs only
ATM cards are primarily used for withdrawing cash from ATMs. They are a basic financial tool linked to your bank account.
Authorized Signatory: Role and Significance
An in-depth exploration of authorized signatories, their roles, types, key events, importance, applicability, and more.
Automated Teller Machine: Revolutionizing Banking Transactions
An Automated Teller Machine (ATM) is a computerized device enabling customers to perform banking transactions such as cash withdrawals, transfers, and balance inquiries at any hour.
Aval: A Guarantee of Payment by a Third Party
An in-depth exploration of Aval, a financial guarantee of payment provided by a third party, typically a bank, for a bill of exchange or promissory note.
Back-Loaded Interest: Understanding Deferred Interest Payments
Explore the concept of back-loaded interest where the interest burden is lighter in the early stages and increases towards the end, its applications, implications, and key considerations.
Balloon: A Comprehensive Analysis
An in-depth look at 'Balloon' in finance and economics, covering historical context, types, importance, examples, and key concepts.
Bank: Financial Institution that Takes Deposits and Extends Loans
A comprehensive exploration of banks, including their history, types, roles, key events, importance, applicability, examples, related terms, interesting facts, and more.
Bank Charges: Fees Levied by Banks for Processing Cheques and Other Transactions
An in-depth exploration of bank charges, including their types, historical context, key events, importance, applicability, examples, related terms, and more.
Bank Deposit: Understanding the Basics and Importance
A comprehensive guide to understanding bank deposits, including their types, historical context, key events, formulas, and their significance in finance.
Bank Holding Company: A Pillar of Financial Stability
An in-depth exploration of Bank Holding Companies, their historical context, types, key events, importance, and real-world examples.
Bank Holiday: Definition and Impact
A comprehensive guide to understanding Bank Holidays, including historical context, significance, examples, and related terms.
Bank Loan: Detailed Overview and Significance
A comprehensive exploration of bank loans, including their historical context, types, key events, models, applications, and more.
Bank Loan: Financing from Financial Institutions
A comprehensive overview of bank loans, covering types, historical context, key events, detailed explanations, mathematical models, importance, applicability, and more.
Bank Manager: Role and Responsibilities
A Bank Manager is responsible for overseeing the operations and administration of a bank branch, ensuring compliance with regulations, managing staff, and enhancing customer satisfaction.
Bank Mandate: Detailed Overview
A comprehensive overview of bank mandates, including historical context, types, key events, detailed explanations, applicability, examples, considerations, related terms, and more.
Bank Overdraft: Financial Safety Net Explained
Comprehensive overview of bank overdrafts, including their history, types, key events, mathematical models, practical applications, and more.
Bank Regulation: The Backbone of Economic Stability
Bank regulation involves the application of public controls stricter than those on other businesses, justified by concerns that bank failures may disrupt the economy more severely than other business failures.
Bank Statement: Comprehensive Overview
A detailed examination of a bank statement, its history, types, importance, and applications in personal finance and business.
Banker's Draft: Definition and Importance
A comprehensive article detailing the concept, types, historical context, and practical applications of a Banker's Draft in the financial world.
Banker's Order: A Recurring Payment Instruction
A Banker's Order is a standing instruction given by a customer to their bank to make regular payments of a specified amount to another bank account at specified intervals.
Bankers Automated Credit System: Streamlining Payments
The Bankers Automated Credit System (BACS) enables the direct transfer of funds from one account to another without the need for checks. It is extensively used for payments of dividends, wages, and other financial transactions.
Banking: Comprehensive Overview and Historical Context
Banking encompasses the provision of payments facilities, credit, and capital to individuals, firms, and governments. It involves various functions, from retail and investment banking to modern services such as stockbroking and insurance. Explore the historical context, types, key events, models, and implications of banking.
Banknote: Promissory Note Issued by a Bank
A comprehensive guide to banknotes, including their history, types, key events, mathematical aspects, importance, applicability, examples, and more.
Banknotes: Paper Currency Issued by Banks
A detailed overview of banknotes, including their historical context, types, and economic significance.
Basis Point: One Hundredth of One Percent
A comprehensive guide on basis points, a critical unit in finance used for expressing fine margins in percentage terms.
Basis Point: A Unit of Measurement in Finance
A basis point is a unit of measurement used in finance to describe changes or differences in interest rates and other financial percentages. One basis point equals 0.01%.
Basis Point (bp): One Hundredth of a Percentage Point
A comprehensive understanding of Basis Point (bp), its definition, significance in finance, examples, and its application in various domains.
Bearer Instrument: Definition and Practical Uses
A comprehensive guide to Bearer Instruments, their features, types, historical context, and practical applications in finance.
Benchmark Rates: Standardized Rates Used to Set Financial Terms
Benchmark rates serve as a reference point to set the terms for various financial instruments, influencing interest rates on loans, bonds, and other financial products.
BGC: Abbreviation for Bank Giro Credit
A comprehensive look into Bank Giro Credit, its historical context, usage, importance, and more.
Bill of Exchange: An Overview
An unconditional order in writing requiring the drawee to pay a specified sum of money at a fixed or determinable future time to the payee or bearer, enabling the transfer of enforceable rights to money.
Bill Rate: Understanding the Discount Rate on Bills of Exchange
The Bill Rate, or discount rate, is the rate at which bills of exchange are discounted on the discount market. It varies based on the quality of the bill and the associated risk.
Blank Check: Financial Term Explained
A Blank Check is a financial instrument or concept where the amount can be filled in as needed. It is often used to illustrate a situation of unrestricted authority or unlimited power.
Bounced Cheque: Understanding Insufficient Fund Issues
A comprehensive guide on bounced cheques, covering historical context, types, key events, explanations, formulas, charts, importance, examples, and related terms.
Bullet Loan: Lump-Sum Repayment Financial Product
A comprehensive guide on bullet loans, their features, uses, types, considerations, and comparisons with amortizing loans.
Callable: Bonds Redeemable Before Maturity
A comprehensive exploration of callable bonds, detailing their types, historical context, key events, mathematical models, importance, applicability, and more.
Cancelled Cheque: Financial Proof of Clearance
A cancelled cheque is a cheque that has been marked to show it has already been cashed or cannot be used. This article explores its historical context, types, importance, and applications, along with detailed explanations and examples.
CAP: A Ceiling on Charges
An interest-rate cap sets a maximum interest rate for a loan, regardless of prevailing rates, limiting potential increases. Learn more about its types, importance, and related terms.
Captive Finance Company: Finance Arm of Industrial and Commercial Entities
A Captive Finance Company is a finance company controlled by an industrial or commercial company to provide financial services to its customers and partners, enhancing sales and providing competitive financing options.
Card Issuer: The Financial Institution Behind Your Credit Card
An in-depth exploration of the financial institution that provides the credit card to the consumer, its role, importance, and related concepts.
Cash Book: Essential Record of Financial Transactions
A comprehensive guide to understanding the cash book, its types, categories, key events, and the importance of recording financial transactions systematically.
Cash Card: An Essential Banking Tool
A comprehensive guide to understanding cash cards, their functions, historical context, types, and their role in modern banking.
Cashback: A Comprehensive Guide
An in-depth exploration of cashback, including its history, types, key events, importance, applicability, examples, related terms, and more.
CDS: Abbreviation for Credit Default Swap
An in-depth exploration of Credit Default Swaps (CDS), their historical context, types, key events, importance, applicability, examples, and more.
Central Securities Depository: Institution for Centralizing Securities
A Central Securities Depository (CSD) is a financial institution that centralizes the storage and management of securities such as stocks and bonds, enhancing the efficiency and security of the securities trading process.
CHAPS: Clearing House Automated Payment System for High-Value Payments
Detailed explanation of the Clearing House Automated Payment System (CHAPS), its historical context, functioning, importance in high-value transactions, and related terms.
CHAPS CO: See UK Payments Administration
An exploration of CHAPS CO in the context of UK Payments Administration, its historical evolution, types, key events, importance, applicability, and related terms.
Charge Cards: Understanding Charge Cards and Their Usage
Charge cards are financial payment tools similar to credit cards but require full payment of the balance each month. Explore definitions, types, examples, historical context, applicability, related terms, and more.
Checking Accounts: Primary Accounts Used for Daily Transactions
A comprehensive look at Checking Accounts—primary accounts used for everyday transactions, often linked to sweep accounts for optimization.
Cheque: A Comprehensive Overview
A detailed explanation of what a cheque is, its history, types, key events, importance, and more.

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