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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...

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...