Terms with Category Financial Banking

  • Inventory Bank,
    • Stock on hand in the form of goods ready for sale. Also includes raw material in the process of being manufactured or completed for sale.
  • Investment Bank,
    • Something you put your money into in order to make money.
  • Investment Banking (IBK) Bank,
    • Bank operations that manage a bank's funding position, as well as its holdings of Treasury bills, bonds and preferred and common stock.
  • Investment Canada Act (ICA) Bank Est. 1985, Canada,
    • A Canadian law that gives the government power to deny foreign investments of "significant" size if they fail to provide a "net benefit to Canada."
  • Investment in the Contract Bank,
    • The principal that has been contributed to an annuity.
  • Investment Income Bank,
    • Income that is earned from investments such as interest, dividends, and capital gains.
  • Investment Property Bank,
    • Property bought with the hope of it making money.
  • Investments in Affiliates Bank,
    • A situation where an investor has a great deal of control over the operation and/or financial management of his or her investment.
  • Irrevocable Beneficiary Bank,
    • A life insurance or segregated fund beneficiary whose benefit cannot be revoked or modified in any way without his or her consent.
  • Issuer Bank,
    • A legal entity that develops, registers, and sells securities including stocks, bonds and derivatives.
  • Joint Account (J/A) Bank, Important,
    • A bank account owned by two or more persons who share equally in the rights and liabilities of the account.
  • Joint Credit Bank,
    • Credit that is issued to two people based their credit reports and their combined assets and incomes. The repayment of joint credit is the responsibility of both parties.
  • Joint Liability Bank,
    • The responsibility of two or more people to repay a debt
  • Joint Tenancy Bank,
    • When two people (typically spouses) both own an undivided interest in a property. If one joint tenant passes away, the other receives the title to the entire property.
  • Joint Venture Bank,
    • A partnership between two or more parties for the purpose of purchasing, owning, and/or developing real estate for a specific purpose and duration.
  • Jointly-owned Property Bank,
    • A property held in the name of more than one person.
  • Kicker Bank,
    • Any benefit to a lender above ordinary fixed-interest payments such as an equity position in a property or a percentage participation in the income stream.
  • Kidnap and Ransom Insurance Bank,
    • Insurance that covers expenses involved if an individual is kidnapped and ransom payments are made.
  • Laddering Bank,
    • Staggering deposits into investments such as CDs in order to vary and better the rate of return.
  • Landlord Bank,
    • One who rents or leases his or her property to another person or a business.
  • Large Value Transfer System (LVTS) Bank,
    • System being created by the Canadian Payments Association that will settle large value payments, possibly $50,000 and over, at the central bank on a same-day basis.
  • Late Charge Bank,
    • A fee imposed on a borrower for not paying on time
  • Late Payment Bank,
    • A sum a borrower sends to a lender that is received past the date when it was due.
  • Lead Lender Bank,
    • A financial institution which heads up a financial consortium or syndicate to provide funds for a mortgage.
  • Lease (lse) Bank,
    • A written agreement in which the property owner allows a tenant to use property in exchange for rent, and for a specified period. Or, a written agreement in which a car dealer allows a consumer to use a vehicle in exchange for payments for a specified period.
  • Lease Extension Bank,
    • The continuation of an existing lease, at the original monthly payment, usually on a month-by-month basis.
  • Lease Option Bank,
    • A written agreement in which an owner allows an individual to use a property in exchange for rent, and also gives that individual the right to buy the property for a specified price within a specified period
  • Leasehold (l/h) Bank,
    • Land or property held under a lease for a term of years.
  • Legal Fees and Disbursements Bank,
    • Charges paid on your behalf by a solicitor that are in addition to professional costs.
  • Lender Bank,
    • The bank or mortgage company offering the loan.
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