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NOW Account

An abbreviation for negotiable order of withdrawal account; an interest bearing checking account. It is a type of transaction accounts...

    Basket-Linked CD

    A certificate of deposit (CD) that links the rate of return (yield) to the performance of a basket of stocks....

      Brokered CD

      A certificate of deposit (CD) that is sold through a third party (brokers and dealers) rather than directly through the...

        Bitter-End CD

        A certificate of deposit (CD) that is kept intact by the holder for its full term. The CD offers a...

          PCA

          It stands for prompt corrective action; a set of mandatory actions that regulators have to take in response to a...

            NINJA Loan

            An abbreviation for a "no income, no job and no assets" loan. It is a loan extended to an unemployed...

              GPM

              It stands for graduated payment mortgage; a fixed rate mortgage that entails low payment (of interest and repayment of principal) in...

                FRCD

                If stands for floating-rate certificate of deposit; a certificate of deposit (CD) that pays a floating interest rate. In other...

                  MLCD

                  It stands for market-linked certificate of deposit; a certificate of deposit (CD) that is linked to the performance of some market...

                    ZBA

                    It stands for zero-balance account; a checking account (current account) that requires no balance. Rather, it is designed to help...