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Prime Lending Rate

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

Accommodation Endorser

A person who adds his endorsing signature to a promissory note without compensation. This person, known also as the cosigner,...

Smurf

A money launderer who moves dirty money in tiny amounts that are hard to be detected or spotted. This money...

Structured Promissory Note

A promissory note that is combined with the price change in the value of a specific underlying asset such as...

Shadow Bank

A levered-up financial intermediary that doesn’t have access to any form of liquidity protection. Commercial banks, by nature, have access...

Credit Money

The component of the money supply in an economy which consists of bank deposits.  In other words, it is the...

Inside Money

The component of the money supply in an economy which consists of bank deposits.  In other words, it is the...

Interbank Rate

The interest rate which banks charge on short-term loans with reasonable market size (usually in Eurodollars) offered to other banks....

Imputed Interest

An estimated interest rate for a debt or debt instrument that is used rather than the rate stated in the...

Alternative Documentation Loan

A category of loans (as distinct from prime and subprime) which, though characterized by high credit scores, doesn't meet the...