Banking

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 > Investment banking

pool

Banking; Investment banking

A community of persons or companies with common interests which combine to carry out common measures, contribute to a common fund of resources or further a common effort. The ...

debt register claim

Banking; Investment banking

A claim on the state arising from a loan or credit entered in an official register of debt (Switzerland: Federal Debt Register). No securities are issued for such claims; they are ...

transfer credit

Banking; Investment banking

Blanket credit line based on a loan agreement and on bilateral agreements in the form of a treaty or correspondence between Switzerland and a developing nation.

bank payment slip with reference number (BESR)

Banking; Investment banking

Abbr.: BESR. Payment slip used in Switzerland for the efficient, low-cost invoicing of domestic business transactions. Funds paid into the account are notified to the client (on ...

check (US); cheque (UK)

Banking; Investment banking

An order to or from the drawee (usually a bank), cheque holder or another named person, that is payable on demand and linked to specific formalities, to pay a specified sum of ...

subject to collection

Banking; Investment banking

Clause by which the bank reserves the right to reverse or cancel a credit entry if the countervalue of promissory notes and other debt certificates (such as bills of exchange, ...