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

variable interest rate

Banking; Investment banking

Interest rate which may be changed during the term of a loan or a bond issue. In the case of international loans and bonds, the periodic adjustment in line with the London Euromoney market rate is of ...

Federal Reserve System

Banking; Investment banking

Abbr.: FED. The central bank system in the United States, established by the Federal Reserve Act in 1913 and consisting of 12 Federal Reserve Banks, one in each Federal Reserve District.

STOXX

Banking; Investment banking

See Dow Jones STOXX.

revaluation

Banking; Investment banking

Also: appreciation. Increase in the external value of a currency in terms of other currencies. In a system of fixed or bloc-linked exchange rates, revaluation is effected through legal or official ...

gross domestic product

Banking; Investment banking

Abbr.: GDP. Measure of macroeconomic performance within the domestic economy over a given period of time. See also gross national product.

documentary draft

Banking; Investment banking

A draft drawn by the seller on the buyer and accepted by the latter in connection with a documentary collection. If the draft contains the notation D/A (documents against acceptance) the documents ...

voluntary reserves

Banking; Investment banking

Reserves constituted over and above the minimum required by law. They may be provided for by a company's articles of association or by a resolution of the body which oversees the company's ...