A bank which acts as agent for another bank (known as the principal bank/ respondent bank) and offers that bank an account...

Misappropriation of bank funds in a way or another. For example, a bank teller may fraudulently abstract money from a...

A person or party, known as the drawee, who accepts a bill of exchange or time draft. This done, the accepting party becomes responsible...

A type of transformation whereby banks use deposits (mobilized funds) to generate revenue by pooling deposits to make loans. More...

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...

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