It stands for prompt corrective action; a set of mandatory actions that regulators have to take in response to a...

An abbreviation for a "no income, no job and no assets" loan. It is a loan extended to an unemployed...

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

A set of mandatory actions that regulators have to take in response to a depository institution's critical undercapitalization. This happens...

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

The short-term interest rate that is charged by banks to their most creditworthy, financially sound customers, i.e. customers who have...

A banking fraud that involves the use of the float time between banks by an individual or company to give...

A maturity transformation which results in assets being ‘on average’ longer in maturity than liabilities. This occurs when banks and...

A maturity transformation which results in assets being ‘on average’ shorter in maturity than liabilities. This occurs when banks and...

A certificate of deposit (CD) that provides increasing interest rates for increasing deposit amounts. The larger the deposit, the higher...