bankglossary

A loan is a sum of money that the lender lends to the borrower, and loans with fixed rates mean that the calculation will remain the same...

How to get a Hive Account A bank that historically deals in commercial loans and investment. This is as compared to retail banking with...

How to get a Hive Account Banking services between merchant banks and other financial institutions. This type of banking deals with larg...

How to get a Hive Account Payment between financial institutions – for example, payment to settle securities and foreign exchange trades...

How to get a Hive Account FICO = Fair Isaac Corporation It was originally names Fair, Isaac, and Company. This is a data analytic firm t...

How to get a Hive Account A central bank for any country that is a member of the European Union. LeoGlossary Main Menu General: What ...

How to get a Hive Account The process used to recalculate obligations in some net settlement systems where transfers between the account...

How to get a Hive Account When a loan has a fixed interest rate, the interest rate remains the same for the duration of the loan. Since ...

How to get a Hive Account During a student loan’s grace period, the borrower isn’t responsible for making payments. However, interest us...

How to get a Hive Account Also called adjustable or floating rate. A loan with a variable interest rate will see it fluctuate over time ...

How to get a Hive Account Soft credit checks occur when you view your own credit, apply for a job or give a lender permission to do a qu...

How to get a Hive Account In finance or banking terms, a borrower is an individual or entity that receives a loan or line of credit from...

How to get a Hive Account An account held at a central bank or a central securities depository, or with a central counterparty or any ot...

How to get a Hive Account The amount owed on a mortgage or other debt. When broken down to individual payments, the principal is the par...

How to get a Hive Account A term used to describe a forward mortgage-backed securities trade. Pass-through securities issued by Freddie ...

How to get a Hive Account One one-hundredth of a percentage point, used to express the movement of interest rates or index pricing. Bac...

The President of the Federal Reserve Bank of New York is nominated by the Board of Directors of the New Yew York Fed and then approved by...

This is a List Of New York Federal Reserve Bank Presidents. The Banking Act of 1935 changed the title of the chief executive officer of t...

A 9-digit code used to identify a financial institution in a transaction. Each individual institution, such as a bank, has its own routi...

The Federal Reserve System Open Market Account (SOMA) contains dollar-denominated assets acquired through open market operations. These s...

How to get a Hive Account The monetary base is the amount of currency in circulation in the hands of the public or bank deposits held as...

Named after Walter Bagehot. This is the concept that central banks around the world use. It is tied to the idea of being "the lende...

The average end-of-day balance held in a depository institution's master account over a maintenance period. Back To FedGlossary LeoGloss...

An account at a Reserve Bank that is established by one or more eligible institutions through an agent and in which only excess balances ...

That portion of the average end-of-day balance for a maintenance period that exceeds the top of the penalty-free band. Back To FedGlossa...

A penalty-free band is a range on both sides of the reserve balance requirement within which a financial institution needs to maintain it...

The portion of a financial institution's reserve requirement that is not satisfied by its vault cash and therefore must be maintained eit...

A Federal Reserve regulation that established the capital requirements for the banks. Under this, banks were restricted from paying inter...

An entity that: enables securities transactions to be processed and settled by book entry provides custodial services (e.g. the administ...

How to get a Hive Account An instrument of monetary policy where banks can borrow money directly from the central bank. These are usual...