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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...

For Further Credit

An instruction that is set by a bank to receive a wire transfer, specifying a second beneficiary as to the...

FFC

An abbreviation for "for further credit"; an instruction that is set by a bank to receive a wire transfer, specifying...

For Benefit Of

An instruction that is set by a bank to receive a wire transfer, specifying the account name on file with...

FBO

An abbreviation for "for benefit of"; an instruction that is set by a bank to receive a wire transfer, specifying...

Overdraft

Funds that are drawn beyond the limit in a customer's account with a bank. It is a kind of a...

Overdraft Rate

An interest rate that a bank or lending institution charges on overdrafts. Overdrafts are funds drawn beyond the limit in...

Overdraft Interest Rate

An interest rate that a bank or lending institution charges on overdrafts. Overdrafts are funds drawn beyond the limit in...

Credit Rationing

A situation where lenders become unwilling to advance additional funds (loans) to borrowers at the prevailing market interest rate (commercial...

Effective Expected Positive Exposure

A measure that is used to determine exposure at default (EAD) for OTC derivatives under a bank's internal model method....