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Non-Bank

A financial institution (FI) that provides an array of services, similar to those provided by banks but particularly excluding deposit...

IBAN

It stands for International Bank Account Number, an internationally accepted account numbering standard which is designed to facilitate the automation...

Merchant Bank

In modern British parlance, it is an investment bank. However, a merchant bank initiated hundreds of years back as a...

Full-Service Investment Bank

An investment bank that engages in all types of activities, including trading, underwriting, merchant banking, merger and acquisition, securities services,...

Maturity Transformation

A type of financial transformation in which the liabilities of intermediaries, such as banks and non-banks, are typically much more...

LIBOR

It is an acronym for London Interbank Offered Rate. It is an interbank rate which is used as a benchmark or...

Abandon

To voluntarily give up a possession, claim, or right, such as to abandon a financial asset. It could also refer...