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Accounting
Banking

For Benefit Of

An instruction that is set by a bank to receive a wire transfer, specifying the account name on file with...

FBO

An abbreviation for "for benefit of"; an instruction that is set by a bank to receive a wire transfer, specifying...

Overdraft

Funds that are drawn beyond the limit in a customer's account with a bank. It is a kind of a...

Overdraft Rate

An interest rate that a bank or lending institution charges on overdrafts. Overdrafts are funds drawn beyond the limit in...

Fixed Rate Security

A security (financial security) that carries or provides interest payment at a fixed rate. The coupon rate of a fixed...

Overdraft Interest Rate

An interest rate that a bank or lending institution charges on overdrafts. Overdrafts are funds drawn beyond the limit in...

Sukuk Obligor

The party in a sukuk issuance that stands obliged, legally or contractually, to make payment to sukuk holders against their...

Overnight Money Market Interest Rate

The interest rate that banks incur and pay to borrow funds from other banks in the money market overnight (interbank...

Obligor

The party in a sukuk issuance that stands obliged, legally or contractually, to make payment to sukuk holders against their...

Unsecured Senior Bond

A bond that is both senior (senior bond) and unsecured. A senior bond takes priority over other classes of debt...