It stands for prompt corrective action; a set of mandatory actions that regulators have to take in response to a...

An amortizing loan that repays some of the principal over its term, while the remaining balance (i.e., balloon payment) is...

A set of mandatory actions that regulators have to take in response to a depository institution's critical undercapitalization. This happens...

An outright cancellation of a part of current and future external debt and equity obligations of a borrower. This constitutes...

The short-term interest rate that is charged by banks to their most creditworthy, financially sound customers, i.e. customers who have...

A maturity transformation which results in assets being ‘on average’ longer in maturity than liabilities. This occurs when banks and...

A bank (the principal) which has an account with another bank (the agent, or the correspondent bank) that allows it to make payments...