Filter by Categories
Accounting
Banking

Benchmark Rate

In the realm of banking, it refers to the interest rate used as a benchmark lending rate. Many banks use...

London Interbank Offered Rate

The interest rate at which banks borrow funds from each other, in marketable size, in the London interbank market. This...

Fiat Money

The component of the money supply in an economy which is directly created by the government or central bank, such...

Outside Money

The component of the money supply in an economy which is directly created by the government or central bank, such...

LIBOR

It stands for the London Interbank Offered Rate, i.e., the interest rate at which banks borrow funds from each other,...

ABCP

An abbreviation for asset-backed commercial paper; a short-term instrument that is backed by the cash flows from specific assets (e.g....

Exotic Certificate of Deposit

A certificate of deposit (CD) that is tailor-made to accommodate the varying needs of engaged depositors. Thanks to the non-standard...

External Positions

In banking, this refers to asset and liability positions of a bank vis-à-vis banks and non-banks located abroad, i.e., in...

Equity-Linked CD

A certificate of deposit (CD) that is linked to the performance of some equity market variable, specifically the price of...

Exotic CD

A certificate of deposit (CD) that is tailor-made to accommodate the varying needs of engaged depositors. Thanks to the non-standard...