Typically, the total amount of interest that a depositor receives is calculated by multiplying the applicable floating rate (say, LIBOR) by...

A relationship between a bank and its customer that is usually evidenced by a deposit against which withdrawals can be...

A promise to pay which is established when the drawee of a time draft (bill of exchange) adds the word "accepted" along...

To voluntarily give up a possession, claim, or right, such as to abandon a financial asset. It could also refer...

An interest rate cap in which the successive caplets cover increasing notional principal amounts. In other words, the notional principal...

An action that is taken by an investor or trader whereby he/ she chooses not to exercise or offset a long...

In general, it is the capacity of an individual or entity to meet future obligations from earnings or income. In...