Agency Bank: A form of organization commonly used by foreign banks to enter the U.S. market. An agency bank cannot accept deposits or extend loans in its own name; it acts as agent for the parent bank. It is also the financial institution that issues ADRs to the general market.

 

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Agency Bank: A form of organization commonly used by foreign banks to enter the U.S. market. An agency bank cannot accept deposits or extend loans in its own name; it acts as agent for the parent bank. I . . . View Full Definition

Investment Bank: An investment bank is a financial institution that helps companies take new bond or stock issues to market, usually acting as the intermediary between the issuer and investors. Investment ba . . . View Full Definition

Job Bank: Refers to pools of retired employees who are used by employers to fill part-time or temporary position needs.

Law Of Agency: A fiduciary relationship is created under the law of agency when a property owner, as the principal, executes a listing agreement or management contract authorizing a licensed real estate br . . . View Full Definition

Legal Bankruptcy: A legal proceeding for liquidating or reorganizing a business.

International Banking Facility (IBF): A branch that an American bank establishes in the United States to do Eurocurrency business.

Implied Agency: An agency agreement created by the actions of the parties, and not a stated (written or verbal) agreement.

Interactive Agency: An agency offering a mix of Web design/development, Internet advertising/marketing, or E-Business/E-Commerce consulting.

International Bank For Reconstruction And Development (IBRD): IBRD or World Bank makes loans at nearly conventional terms to countries for projects of high economic priority.

London Interbank Offered Rate (LIBOR): The rate of interest that major international banks in London charge each other for borrowings. Many variable interest rates in the U.S. are based on spreads off LIBOR. By contrast with the . . . View Full Definition