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Investment banking
Of or relating to the business of underwriting, or acting as the client's agent, in the issuance of securities in order to assist an individual, commercial enterprise, corporation or government instution ro raise capital.
Industry: Banking
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Investment banking
cancellation of securities
Banking; Investment banking
Legally prescribed procedure for declaring lost securities invalid. This improves the position of the owner of the securities by reinstating him with the same rights he had before the securities were ...
central bank powers
Banking; Investment banking
Powers granted to a central bank in respect of credit, monetary and currency policy. Areas commonly covered include discount and lombard policy, repurchase transactions, open market policy and the ...
savings account
Banking; Investment banking
Savings deposits managed in the form of a bank account offering special legally defined protection (preferred claim under bankruptcy). Reflecting the savings nature of the account, withdrawal options ...
loan for an unlimited period
Banking; Investment banking
Credit that is not granted for a specific period of time and where repayment can generally be demanded at any time (e.g. overdraft facility).
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