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Banking

Commercial Paper

Unsecured, short-term notes (money-market instruments) that are sold on a discount basis either indirectly (through traders and dealers) or directly...

Bitter-End Certificate of Deposit

A certificate of deposit (CD) that is kept intact by the holder for its full term. The CD offers a...

Brokered Certificate of Deposit

A certificate of deposit (CD) that is sold through a third party (brokers and dealers) rather than directly through the...

Basket-Linked CD

A certificate of deposit (CD) that links the rate of return (yield) to the performance of a basket of stocks....

Blocked Account

A bank account (banking account) whose holder may not be able to withdraw from because it becomes subject to restrictions...

Brokered CD

A certificate of deposit (CD) that is sold through a third party (brokers and dealers) rather than directly through the...

Bitter-End CD

A certificate of deposit (CD) that is kept intact by the holder for its full term. The CD offers a...

Partly Amortizing Loan

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

PCA

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

NINJA Loan

An abbreviation for a "no income, no job and no assets" loan. It is a loan extended to an unemployed...