"Banking" Terms
A bank failure occurs when a regulator closes an insolvent bank. An insolvent bank can't meet its obligations to depositors (e.g., it doesn't have the money to meet withdrawal demands) or to creditor...
A for-profit service run by the Promontory Interfinancial Network, the Certificate of Deposit Account Registry Service (CDARS) allows investors to purchase certificates of deposit (CDs) across a netw...
The financial world often refers to compound interest as magic. Compound interest can be thought of as “interest building on interest” which adds to your principal. In layman’s terms, it’s a f...
A merchant bank is a financial institution that engages in underwriting and business loans, catering primarily to the needs of large enterprises and high net worth individuals. In the British market,...
Broadly speaking, mobile banking refers to any banking activities conducted on a cell phone. This includes receiving text alerts for fraudulent activities, accessing your account via the bank’s app...
A money market fund is a type of mutual fund that invests in high quality, short-term debt securities. Money market funds are characterized by high liquidity, meaning they can be readily converted in...