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Banking

Wire Transfer

An electronic transfer of funds that is conducted via a network run by banks and transfer service agencies around the...

Wholesale Funding

A method of funding (a source of bank funding) that banks and financial institutions use to finance operations and manage...

WC Promissory Note

A short form of wedding cake promissory note; a type of structured promissory note that has multiple double no touch barriers.…

Wraparound Mortgage

A type of subordinate mortgage (junior mortgage) in which the principal obligation is secured by one or more superior mortgage…

Wrap

A jargon term for wraparound mortgage; a type of subordinate mortgage (junior mortgage) in which the principal obligation is secured…

Warm Calling

A financial promotional effort by which a bank tries to reach prospects (prospective or potential customers), who have already shown…

Wedding Cake Promissory Note

A type of structured promissory note that has multiple double no touch barriers. These barriers determine an array of possible…