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Banking

The business of a banker, banking involves an establishment for the loaning, holding, exchanging, or issuing of money. Also deals with the transmission of funds and the extensions of credit.

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Banking > General banking

effective interest amortization
Banking; General banking

A methodology for amortizing premiums or accreting discounts for MBSs that is required by FAS 91. Under this methodology, premiums are amortized and discounts are accreted into ...

Fair and Accurate Transactions Act (FACT Act)
Banking; General banking

Consumer protection legislation enacted in 2003. The FACT Act, permanently established the Fair Credit Reporting Act's federal pre-emption to those areas typically governed by the ...

evaluation
Banking; General banking

The act or process of estimating the market value of real estate when a transaction secured by real estate falls within one or more of the exemptions set forth to the requirements ...

extraordinary items
Banking; General banking

Accounting income, gains, expenses, or losses resulting from transactions or events that are both unusual in their nature and infrequent in their occurrence. The GAAP requirements ...

federal funds
Banking; General banking

Short-term investments/borrowings between banks, usually called fed funds. The investing/lending bank refers to the transaction as fed funds sold while the borrowing bank refers ...

duration of equity
Banking; General banking

An application of duration analysis that measures the interest rate sensitivity of the bank as whole. Duration of equity views the bank's equity as if it were a bond. This "bond" ...

positive duration
Banking; General banking

(1) The name for a particular relationship between changes in the price of a debt security and changes in prevailing interest rates. When a security has positive duration, its ...

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