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EFFR

It stands for effective federal funds rate; a method of calculating the federal funds rate (fed funds rate) that produces...

MCLR

It stands for marginal cost lending rate; the minimum interest rate below which banks and financial institutions cannot lend as...

PONV

It stands for point of non-viability; a situation where a bank or other regulated institutions experience serious financial stress due...

LOLR

It stands for lender of last resort; the institution (usually a central bank or monetary agency) in a financial system...

LLR

It stands for loan loss reserve; a type of credit enhancement whereby a reserve (specifically, a cash reserve) is created...

WC Promissory Note

A short form of wedding cake promissory note; a type of structured promissory note that has multiple double no touch barriers.…

RA Promissory Note

A short form of range accrual promissory note; a type of structured promissory note that has the potential to increase the…

NBFI

It stands for non-bank financial institution; a financial institution (FI) that provides an array of services, similar to those provided...

NTD

It stands for nontransferable deposit; a deposit (with a bank or financial institution) that is not, or cannot be, used...

TD

In banking, TD stands for many terms including transferable deposit, time deposit, term deposit, and total deposits. Transferable deposit is...