Tag: bank
Cancellation
What is 'Cancellation'
A cancellation is a notice made by a broker, to his client, informing him an erroneous trade was made and is being...
Paper Dealer
What is 'Paper Dealer' A market maker that buys and sells extremely short-term corporate bonds called commercial paper. A paper dealer is...
Passive Income
What is passive income and why should you care
Passive income is a type of income that does not require active work to earn. This...
Participation Mortgage
DefinitionA participation mortgage or participating mortgage is a mortgage loan, or sometimes a group of them, in which two or more persons have fractional...
Passbook Loan
What is 'Passbook Loan' A personal loan extended to a savings-account holder by the custodial bank. Passbook loans use the balance of...
Ponzi Scheme
DefinitionBy definition, a Ponzi scheme is a fraudulent investment that involves the payment of purported returns to existing investors from funds contributed by new...
Participating Policy
DefinitionA with-profits policy or participating policy is an insurance contract that participates in the profits of a life insurance company. The company is often...
Parallel Loan
DefinitionA parallel loan is two loans taken out by two pairs of companies in different countries from local lenders with the aim of swapping...
Panel Bank
What is 'Panel Bank' The name given to the group of banks contributing to the Euro Interbank Offer Rate (EURIBOR). This group...
National Bank
What is a 'National Bank' A national bank, in the United States, is a commercial bank chartered by the comptroller of the...