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

Demand Deposit

A type of deposit (bank deposit account) from which money can be withdrawn on demand- i.e., at any time without...

Lock-In Provision

A mechanism whereby a borrower can guarantee an interest rate on a loan would not move beyond a specific level...

Rate Lock

A mechanism whereby a borrower can guarantee an interest rate on a loan would not move beyond a specific level...

Amortizing Loan

A loan that is paid back in equal periodic installments. An installment constitutes varying portions of principal and interest over...

Floating Rate CD

A certificate of deposit (CD) that pays a floating interest rate. In other words, the rate is afloat, adjusting upward...

Asset-Linked Certificate of Deposit

A certificate of deposit (CD) that allows the holder (depositor) to link its return (yield) to that of an asset...

Anytime Certificate of Deposit

A certificate of deposit (CD) that allows the depositor (CD holder) to get his/ her money back anytime on a...

Scrip Currency

A "scrip" is a piece of paper (it was also printed on leather, metal, fish-skin parchment) that was originally used...

Yankee CD

An acronym for Yankee certificate of deposit; a negotiable time deposit that is issued in the United States by a...