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

country-specific fund

Banking; Investment banking

Also: country fund. Investment fund which invests exclusively in a specific country.

disclosed reserves

Banking; Investment banking

Also: published reserves, declared reserves. Reserves openly reported in a company's balance sheet. Opposite: undisclosed reserves.

recourse

Banking; Investment banking

Right of a person to whom a cheque, bill of exchange, promissory note or other negotiable instrument has been endorsed to recover payment from the endorser if the original borrower defaults.

statutory reserve fund

Banking; Investment banking

See statutory reserves.

securities number

Banking; Investment banking

See ISIN.

second mortgage

Banking; Investment banking

Mortgage that follows a first mortgage in order of rank. Granted in Switzerland usually with a loan-to-value ratio of around 65%-80% of the underlying property's market value and subject to ...

asset-backed security

Banking; Investment banking

Abbr.: ABS. Bond-like instrument backed by a pool of financial claims such as mortgages or credit-card receivables which enables the originator to raise cash by borrowing against assets. Like with ...