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Structured Promissory Note

A promissory note that is combined with the price change in the value of a specific underlying asset such as...

Shadow Bank

A levered-up financial intermediary that doesn’t have access to any form of liquidity protection. Commercial banks, by nature, have access...

Credit Money

The component of the money supply in an economy which consists of bank deposits.  In other words, it is the...

Inside Money

The component of the money supply in an economy which consists of bank deposits.  In other words, it is the...

Interbank Rate

The interest rate which banks charge on short-term loans with reasonable market size (usually in Eurodollars) offered to other banks....

Imputed Interest

An estimated interest rate for a debt or debt instrument that is used rather than the rate stated in the...

Alternative Documentation Loan

A category of loans (as distinct from prime and subprime) which, though characterized by high credit scores, doesn't meet the...

Access

The right or a person (natural or legal) to use banking services. In other words, it refers to the right...

Liar Loan

A category of loans (as distinct from prime and subprime) which, though characterized by high credit scores, doesn't meet the...

Alt-A

A category of loans (as distinct from prime and subprime) which, though characterized by high credit scores, doesn't meet the...