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Banking

LIBOR

It stands for London Interbank Offered Rate. It is the rate of interest at which AA-rated banks borrowed large amounts...

Non-Financial CP

It stands for nonfinancial commercial paper; a commercial paper that is issued by nonfinancial corporations, typically large industrial or services...

CRAN

An acronym for callable range accrual note, which refers to a range note (a type of structured note) that is...

NFCP

It stands for nonfinancial commercial paper; a commercial paper that is issued by nonfinancial corporations, typically large industrial or services...

QQQ

An exchange-traded fund (ETF) that replicates and tracks the NASDAQ index. As such, this ETF allows investors to diversify risks by...

NOW Account

An abbreviation for negotiable order of withdrawal account; an interest bearing checking account. It is a type of transaction accounts...

CTFF

It stands for cash-to-first futures; a short cash rate that is observed from current day to the maturity date of...

5 Cs

An expert system which analyzes five key factors affecting the credit decision (i.e., whether to extend credit/ lend or not)....

RONA

It stands for return on net assets; a profitability ratio in which only interest-bearing debt along with equity are taken...

FMV

It stands for fair market value; the price at which an asset or service is paid by a willing buyer...