The practice of lending money to desperate people at unfairly high interest rates. More specifically, loan sharking involves charging interest...

A type of transformation that is performed by banks and other depositary institutions whereby small deposits by different types of depositors are...

A type of transformation that is performed by banks and other depositary institutions whereby the risks associated with deposits and loans...

The process whereby a bank capitalizes on some sort of mismatch between its assets and liabilities. In other words, this involves a bank’s attempt to...

A type of transformation that involves the use of short-term debts like deposits to finance long-term investments like loans. In other words, it is an intermediation process...

A type of transformation whereby a bank or any similar institutions takes advantage of the upward slope of the yield...

A short-term loan that is extended by a bank to a customer or business so that it is used to...

A bond that is issued for the sake of refinancing an existing bond issue before maturity. The proceeds from the...

A credit (in the form of loans, bonds, etc) that fills in the cusp between an investment-grade credit and a...

In general, it is the capacity of an individual or entity to meet future obligations from earnings or income. In...