Search results for: “bank rate”
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London Interbank Offered Rate
London Interbank Offered Rate in Law EnforcementMain Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of London Interbank Offered Rate. This legal term is related to the United Kingom and/or the English Legal […]
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Pibor (Paris Interbank Offer Rate)
The deposit rate on interbank transactions in the Eurocurrency market quoted in Paris….
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Bank
Legal Definition and Related Resources of Bank Meaning of Bank An association or corporation whose business it is to receive money on deposit , cash checks or drafts, discount commercial papers, make loans and issue promissory notes payable to […]
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Investment Bank
Financial intermediaries who perform a variety of services, including aiding in the sale of securities, facilitating mergers and other corporate reorganizations, acting as brokers to both individual and institutional clients, and trading for their own accounts. Underwriters….
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Discount Rate
The interest rate that the Federal Reserve charges a bank to borrow funds when a bank is temporarily short of funds. Collateral is necessary to borrow, and such borrowing is quite limited because the Fed views it as a privilege to be used to meet short-term liquidity needs, and not a device to […]
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Bank Deposit
A loan by a person to a bank, ordinarily in exchange for stipulated interest and a promise to repay the loan either on demand, or at some agreed time after demand. Deposits in commercial banks, checking accounts, are demand deposits and until recently did not bear any interest, but […]
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Strategic Reserves
Hierarchical Display of Strategic reserves Energy > Energy policy > Energy policy > Energy storage Meaning of Strategic reserves Overview and more information about Strategic reserves For a more comprehensive understanding of Strategic reserves, see in the general part of the online […]
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Exchange Rate Mechanism
Meaning of Exchange Rate MechanismIn the context of Europe, and according to A Dictionary of Law, the following is a definition of Exchange Rate Mechanism : (ERM) A component of the *European Monetary System under which the central banks of participating countries could not allow their […]
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Exchange Rate Mechanism
Meaning of Exchange Rate MechanismIn the context of Europe, and according to A Dictionary of Law, the following is a definition of Exchange Rate Mechanism : (ERM) A component of the *European Monetary System under which the central banks of participating countries could not allow their […]
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Second Banking Coordination Directive
Second banking coordination directive in Global Commerce Policy In this regard, second banking coordination directive is: SBCD. The entries on trade policy are here. A directive issued by the European Community in 1989 which permits a bank authorized to operate in any member state, including […]
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Second Banking Coordination Directive
Second banking coordination directive in Global Commerce Policy In this regard, second banking coordination directive is: SBCD. The entries on trade policy are here. A directive issued by the European Community in 1989 which permits a bank authorized to operate in any member state, including […]
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Act of bankruptcy
An act which subjects a person to be proceeded against as a bankrupt. The acts of bankruptcy enumerated in the bankruptcy act of 1898, ç 3, are (1) concealment, transfer, or removal of property with intent to hinder, delay, or defraud creditors; (2) transfer of property while […]
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Federal Discount Rate
Concept of Federal Discount Rate in the context of U.S. Real Property A short definition of Federal Discount Rate: The interest rate charged to member banks borrowing from the federal reserve bank(s).
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Floating Exchange Rate
A country’s decision to allow its currency value to freely change. The currency is not constrained by central bank intervention and does not have to maintain its relationship with another currency in a narrow band. The currency value is determined by trading in the foreign exchange market….
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Prime Lending Rate
Concept of Prime Lending Rate in the context of Real Property A short definition of Prime Lending Rate: The most favorable interest rates charged by a commercial bank on short term loans, (not mortgages).