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Accounting
Banking

Callable Certificate of Deposit

A certificate of deposit (CD) (a time deposit) that pays its holder a fixed interest rate over its lifespan, and at the same...

Bump-Up CD

A certificate of deposit (CD) that gives the owner (holder) the right to increase (bump up) its yield one time over the tenure (term)...

Bump-Up Certificate of Deposit

A certificate of deposit (CD) that gives the owner (holder) the right to increase (bump up) its yield one time over the tenure (term)...

Step-Down Certificate of Deposit

A certificate of deposit (CD) that provides its holder (account holder) with a high introductory rate that, later on, steps...

Step-Down CD

A certificate of deposit (CD) that provides its holder (account holder) with a high introductory rate that, later on, steps...

Step-Up CD

A certificate of deposit (CD) that allows the holder (depositor) to lock in an interest rate for a specific number...

Step-Up Certificate of Deposit

A certificate of deposit (CD) that allows the holder (depositor) to lock in an interest rate for a specific number...

Principal Bank

A bank (the principal) which has an account with another bank (the agent, or the correspondent bank) that allows it to make payments...

Agent Bank

A bank which acts as agent for another bank (known as the principal bank/ respondent bank) and offers that bank an account...

Correspondent Bank

A bank which acts as agent for another bank (known as the respondent bank) and offers that bank an account through which it can make...