Banking Banking Annual Percentage Rate (APR) is an expression of the effective interest rate that will be paid on a loan. It is different from the "note rate" (the advertised interest rate) because it includes one-time fees in an attempt to calculate a "total cost" of borrowing money. ...more on Wikipedia about "Annual percentage rate"
Anonymous banking is where the banks of certain countries are used for holding money or assets, based on the voluntary or statutory level of privacy the banks provide. ...more on Wikipedia about "Anonymous banking"
Anonymous Internet Banking is the proposed use of strong financial cryptography to make private, anonymous banking (or more precisely pseudonymous banking) possible. The Yodelbank is one bank that claims to be fully anonymous. ...more on Wikipedia about "Anonymous internet banking"
In the simplest meaning, asset based lending, refers to any kind of lending secured by an asset. This means, if the loan is not repayed, the asset is taken. In this sense, a mortgage is an example of an asset backed loan. More commonly however, the phrase is used to describe lending to business and large corporations using assets not normally used in other loans. These can include exotic things like lending against the value of a trademark or whole assets of intellectual property. For example, Midway Games took out a line of credit secured by its Mortal Kombat franchise; if it fails to repay, the bank then owns the Mortal Kombat franchise and can sell the rights to it. ...more on Wikipedia about "Asset based lending"
An automatic transfer service account is a deposit account that allows the transfer of funds from a savings account to a checking account in order to cover a check written or to maintain a minimum balance. ...more on Wikipedia about "Automatic transfer service account"
Bancassurance is the term used to describe the sale of insurance products in a bank. The word is a combination of "banc" and "assurance" signifying that both banking and insurance is provided by the same corporate entity. The usage of the word picked up as banks and insurance companies merged and banks sought to provide insurance, especially in markets that have been liberalised recently. It is a controversial idea, and many feel it gives banks too great a control over the financial industry. ...more on Wikipedia about "Bancassurance"
Banks are subject to certain bank regulations and requirements that aim to uphold the soundness and integrity of the financial system. ...more on Wikipedia about "Bank regulation"
Bank reserves are banks' holdings of deposits in accounts with their central bank (for instance the European Central Bank or the Federal Reserve, in the later case called federal funds), plus currency that is physically held in banks' vaults (vault cash). The central bank sets minimum reserve requirements. ...more on Wikipedia about "Bank reserves"
A bank run is a type of financial crisis. It is a panic which occurs when a large number of customers of a bank fear it is insolvent and withdraw their deposits. ...more on Wikipedia about "Bank run"
A Banker's dozen is a play on the name Baker's dozen; it is one less than a dozen as compared to one more. It alludes to a method of lending where the interest is deducted beforehand, e.g borrowing (owing) ten dollars but actually receiving only nine. ...more on Wikipedia about "Banker's dozen"
Banking in India originated in the first decade of 18th century with The General Bank of India coming into existence in 1786. This was followed by Bank of Hindustan. Both these banks are now defunct. The oldest bank in existence in India is the State Bank of India being established as "The Bank of Calcutta" in Calcutta in June 1806. Couple of decades later, foreign banks like HSBC and Credit Lyonnais started their Calcutta operations in the 1850s. At that point of time, Calcutta was the most active trading port, mainly due to the trade of the British Empire, and due to which banking activity took roots there and prospered. The first fully Indian owned bank was the Allahabad Bank set up in 1865. ...more on Wikipedia about "Banking in India"
United States Banking began in 1781 with an act of United States Congress that established the Bank of North America in Philadelphia. During the American Revolutionary War, the Bank of North America was given a monopoly on currency; prior to this time, private banks printed their own bank notes, backed by deposits of gold and/or silver. ...more on Wikipedia about "Banking in the United States"
This article is about the banking system of Argentina, including an overview of the recent past. For details on the economy at large, see Economy of Argentina. ...more on Wikipedia about "Banking of Argentina"
The Basel Accord(s) refers to the banking supervision Accords (recommendations to laws), Basel I and Basel II issued by the Basel Committee on Banking Supervision. They are named after the Swiss town, Basel in which the committee meets. ...more on Wikipedia about "Basel accord" http://www.shortopedia.com Is Good For You.
Basel Committee on Banking Supervision is an institution created by the central bank Governors of the Group of Ten nations (see Group of Ten). It was created in 1975 and meets regularly four times a year. ...more on Wikipedia about "Basel Committee on Banking Supervision"
Basel I is the term which refers to a round of deliberations by central bankers from around the world, and in 1988, the Basel Committee (BCBS) in Basel, Switzerland, published a set of minimal capital requirements for banks. This is also known as the 1988 Basel Accord, and was enforced by law in the Group of Ten countries in 1992, with Japanese banks permitted an extended transition period. Basel I, is now widely viewed as outmoded, and a more comprehensive set of guidelines, known as Basel II are in the process of implementation by several countries. ...more on Wikipedia about "Basel I"
Basel II, also called The New Accord (correct full name is the International Convergence of Capital Measurement and Capital Standards - A Revised Framework) is the second Basel Accord and represents recommendations by bank supervisors and central bankers from the 13 countries making up the Basel Committee on Banking Supervision to revise the international standards for measuring the adequacy of a bank's capital. It was created to promote greater consistency in the way banks and banking regulators approach risk management across national borders. The Bank for International Settlements (often confused with the BCBS) supplies the secretariat for the BCBS and is not itself the BCBS. ...more on Wikipedia about "Basel II"
A bounced check is a check that is returned to the depositing bank because the owner of the account in the issuing bank has insufficient funds to cover the value of the check. ...more on Wikipedia about "Bounced check"
The Capital Adequacy Directive is a European directive that aims to establish uniform capital requirements for both banking firms and non-bank securities firms. ...more on Wikipedia about "Capital Adequacy Directive"
Banks and depository institutions are regulated by governments to disclose and handle their capital in a certain way. The categorization of assets and capital is highly standardized so that it can be risk weighted. Internationally, the Basel Committee on Banking Supervision housed at the Bank for International Settlements influence each country's capital requirements. In 1988, the Committee decided to introduce a capital measurement system commonly referred to as the Basel Capital Accords ( Basel Accord). This framework is now being replaced by a new and significantly more complex capital adequacy framework commonly known as Basel II. ...more on Wikipedia about "Capital requirements"
A certificate of deposit or CD is, in the United States, a time deposit, a familiar financial product, commonly offered to consumers by banks, thrift institutions, and credit unions. ...more on Wikipedia about "Certificate of deposit"
A Child Trust Fund (CTF) is a long-term savings and investment account for children in the United Kingdom. The UK Government has introduced the Child Trust Fund with the aim of ensuring every child has savings at the age of 18, helping children get into the habit of saving whilst teaching them the benefits of saving and helping them understand personal finance. ...more on Wikipedia about "Child Trust Fund"
A demand account (or demand deposit, demand deposit account) is a deposit account held at a bank or other financial institution, the funds deposited in which are payable on demand. ...more on Wikipedia about "Demand account"
Deposit insurance is a measure taken by banks in many countries to protect their clients' savings, either fully or in part, against any possible situation that would prevent the bank from returning said savings. Deposit insurance institutions are for the most part government run or established, and may or may not be a part of a country's central bank. ...more on Wikipedia about "Deposit insurance"
Excess reserves are bank reserves in excess of the reserve requirement set by a central bank (in the United States, a Federal Reserve Bank). Holding excess reserves is generally considered costly and uneconomical as no interest is earned on the excess amount. Therefore, many banks minimize their excess reserve amounts by putting them to more productive use. For banks in the Federal Reserve System, this is accomplished by making short-term (usually overnight) loans on the federal funds market to banks who may be short of their reserve requirements. However, some banks may choose to hold their excess reserves in order to faciliate upcoming transactions or meet contractual clearing balance requirements. ...more on Wikipedia about "Excess reserves" The Ultimate http://www.shortopedia.com Machine. shortopedia
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