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Accounting
Banking

Real-Time Promotion

A financial promotion that is made in the course of a telephone conservation or personal visit. Financial institutions are required...

Unsecured Loan

A loan that is not guaranteed by any specific type of property. The creditor receives no collateral as an assurance...

Universal Banking

A system of banking by which banks carry out investment banking and commercial banking at the same time. That is...

LOLR

It stands for lender of last resort; the institution (usually a central bank or monetary agency) in a financial system...

Lender of Last Resort

The institution (usually a central bank or monetary agency) in a financial system that is sought by a financial institution...

LLR

It stands for loan loss reserve; a type of credit enhancement whereby a reserve (specifically, a cash reserve) is created...

Loan Loss Reserve

A type of credit enhancement whereby a reserve (specifically, a cash reserve) is created by a bank for the purpose...

Contingent Non-Viability Event

A contingent event that, once occurred, will prompt a regulated entity to issue financial instruments that convert into a variable...

CET1

The capital of a bank or financial institution that consists of paid-in capital, capital reserve, surplus reverse, general reserve, undistributed...

Common Equity Tier-1 Capital

The capital of a bank or financial institution that consists of paid-in capital, capital reserve, surplus reverse, general reserve, undistributed...