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Banking

LIBOR

It stands for the London Interbank Offered Rate, i.e., the interest rate at which banks borrow funds from each other,...

ABCP

An abbreviation for asset-backed commercial paper; a short-term instrument that is backed by the cash flows from specific assets (e.g....

Exotic Certificate of Deposit

A certificate of deposit (CD) that is tailor-made to accommodate the varying needs of engaged depositors. Thanks to the non-standard...

External Positions

In banking, this refers to asset and liability positions of a bank vis-à-vis banks and non-banks located abroad, i.e., in...

Equity-Linked CD

A certificate of deposit (CD) that is linked to the performance of some equity market variable, specifically the price of...

Exotic CD

A certificate of deposit (CD) that is tailor-made to accommodate the varying needs of engaged depositors. Thanks to the non-standard...

Market-Linked Certificate of Deposit

A certificate of deposit (CD) that is linked to the performance of some market variable, specifically the price of a...

Mortgage Loan

A loan that is extended by a bank or financial institution to an individual or firm seeking to buy a...

M1

A component of money supply that consists of highly liquid forms of money: coins and currency (banknotes, and other digital...

DDA

It stands for demand deposit account; a type of bank account that allows its holder to withdraw money from it...