Tag: bank

DefinitionForeclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making...

What is the Federal Home Loan Bank System (FHLB)? The Federal Home Loan Bank System is a network of 12 regional banks that provide financial...

What is a Federal Advisory Council A Federal Advisory Council (FAC) is a federal body created to provide advice, counsel, and recommendations to an entire...

What is 'Federal Deposit Insurance Corporation Improvement Act - FDICIA' Passed in 1991 at the height of the Savings and Loan Crisis...

What is 'Federal Agencies' Special government organizations set up for a specific purpose such as the management of resources, financial oversight of...

DefinitionA walk-through test is a procedure under financial audit performed by auditors. Walk-Through Test What is a 'Walk-Through Test' A walk-through test...

Warehouse-To-Warehouse Clause What is 'Warehouse-To-Warehouse Clause ' A clause in an insurance policy that provides for coverage of cargo in transit....

What is 'Waiver Of Demand' An agreement by the party that has endorsed a check or draft to accept legal responsibility, without...

What is 'Warm Card' A type of ATM card that allows the bearer restricted access to a business account. Most frequently, the...

What is 'Wallpaper' The name given to stocks, bonds and other securities that have become worthless. Explaining 'Wallpaper' The...