Investment banking

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

dividend

Banking; Investment banking

A share in the profits of a limited company (corporation) or cooperative. The rate of dividend is determined at the General Meeting upon the proposal of the Board of Directors. Distributions to the ...

free alongside ship

Banking; Investment banking

Abbreviation: FAS. A contract clause commonly used in foreign trade which stipulates that the price of the goods includes transport and insurance costs until the goods are delivered to the quay at ...

endorser

Banking; Investment banking

Person who has title to a negotiable instrument and writes his name on it in order to transfer said title or rights to another person or persons.

direct debiting

Banking; Investment banking

Also: direct debit system. A method of collection whereby the debtor gives authorization for his/her bank accounts to be debited directly.

open market policy

Banking; Investment banking

Influence exerted on the money supply and interest rates by the central bank through purchases and sales of short-, medium- and long-term debt instruments on the money or capital market for its own ...

traveller's cheque (GB); traveler's check (USA)

Banking; Investment banking

Medium of payment created especially for use in international travel and tourism. In contrast to conventional cheques, traveller's cheques must be paid in advance by the buyer. They can be cashed at ...

stamp duty

Banking; Investment banking

Also: stamp tax. Duty imposed in connection with the issuance of securities, the transfer of ownership of securities and other documents or deeds, and the payment of insurance premiums. In ...