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Accounting
Banking

Repudiation

An outright cancellation of all current and future external debt and equity obligations of a borrower. This constitutes a borrower's...

Reverse Repo

A contract (short-term borrowing) which is made between a buyer and seller for the temporary purchase of securities, such as...

Exceptions

The differences between the ledger balances of a bank and those of a correspondent bank. Exceptions arise from respondent- correspondent...

HVCRE

It stands for high-volatility commercial real estate (high-volatility CRE); a loan (credit facility) that is extended for financing of the...

High-Volatility CRE

It stands for high-volatility commercial real estate (HVCRE); a loan (credit facility) that is extended for financing of the acquisition,...

Non-Financial CP

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

NFCP

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

Non-Real-Time Promotion

A financial promotion that is carried out by letter, email, website, or through an advertisement in newspaper. Financial institutions are...

Nonfinancial Commercial Paper

A commercial paper that is issued by nonfinancial corporations, typically large industrial or services firms and utility companies. This short-term...

NOW Account

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