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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 > Investment banking

savings bond

Banking; Investment banking

Government-issued bond common in the USA. There is no secondary market for savings bonds, but they do offer tax benefits.

timing

Banking; Investment banking

Selecting the correct point in time to buy or sell securities.

bill guarantee

Banking; Investment banking

Also referred to as aval. Undertaking of joint and several liability by the endorser (by signing the bill) to settle a bill of exchange in the event of the failure of the actual ...

net asset value

Banking; Investment banking

(1) Value of an investment fund unit corresponding to the market value of the fund on a set reference date, minus liabilities and divided by the number of units outstanding. (2) ...

banking supervision

Banking; Investment banking

Four bodies supervise banking activities in Switzerland: the Federal Banking Commission (highest supervisory authority), the statutory auditors (as prescribed by Swiss banking ...

cheque card

Banking; Investment banking

Also: check card (US). Card issued by a bank for accountholders who are members of a cheque system. The bank promises to cash cheques up to a certain amount provided that the ...

single share class

Banking; Investment banking

Situation where the share capital of a company has only one class of share. The term relates to the earlier practice of dividing shares into (preferred) registered and bearer ...