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Accounting
Banking

Novation

A method that is used by a lender to transfer a loan whereby the rights and obligations under the loan...

Deposit

An amount of money (in whatever form: cash, check, draft, wire transfer, etc.) that is placed with a bank or...

Commercial Paper

Unsecured, short-term notes (money-market instruments) that are sold on a discount basis either indirectly (through traders and dealers) or directly...

Bitter-End Certificate of Deposit

A certificate of deposit (CD) that is kept intact by the holder for its full term. The CD offers a...

Brokered Certificate of Deposit

A certificate of deposit (CD) that is sold through a third party (brokers and dealers) rather than directly through the...

Basket-Linked CD

A certificate of deposit (CD) that links the rate of return (yield) to the performance of a basket of stocks....

Blocked Account

A bank account (banking account) whose holder may not be able to withdraw from because it becomes subject to restrictions...

Brokered CD

A certificate of deposit (CD) that is sold through a third party (brokers and dealers) rather than directly through the...

Bitter-End CD

A certificate of deposit (CD) that is kept intact by the holder for its full term. The CD offers a...

Partly Amortizing Loan

An amortizing loan that repays some of the principal over its term, while the remaining balance (i.e., balloon payment) is...