In relation to correspondent banking, it is an account that one bank holds on behalf of another bank (the customer...
A type of brokerage account that requires the client (the investor) to pay the full amount for securities purchased. An...
A form of credit enhancement in which a cash reserve is set up, in connection with a debt issue, from...
In investment banking, it is a financial and contractual relationship that is established between a lead investment banking firm (lead…
An asset or liability whose value is stated in monetary terms that will not change (or that are expected not...
Also, memorandum account; an account that has no accounting function, but rather is an information account that is used for...
An account that has no accounting function, but rather is an information account that is used for clarification and explanation...
The total or aggregated profit that is made by all the entities (e.g., subsidiaries) forming or belonging to a business...
A type of control under which two or more entities, either by means of ownership, management, or contractual arrangement, are...
It stands for full payout lease; another term for capital lease; a lease in which a lessor finances the leased...