A promissory note that is combined with the price change in the value of a specific underlying asset such as...
A levered-up financial intermediary that doesn’t have access to any form of liquidity protection. Commercial banks, by nature, have access...
A "scrip" is a piece of paper (it was also printed on leather, metal, fish-skin parchment) that was originally used...
A deposit that is guaranteed by the pledging of security. The bank (depositee) has to guarantee the safety of these...
An interest-bearing checking account (demand deposit) that pays a higher rate of interest and requires a higher minimum balance than...
A loan that is paid back in equal periodic installments. An installment constitutes varying portions of principal and interest over...
A loan that is guaranteed by collateral and therefore has often lower interest rates than otherwise an identical, but unsecured,...
A form of loan in which the borrower only pays interest over the loan's life, while repayment of the principal...
A certificate of deposit (CD) that provides its holder (account holder) with a high introductory rate that, later on, steps...
A certificate of deposit (CD) that provides its holder (account holder) with a high introductory rate that, later on, steps...