Bank Anticipation Notes (BAN): Notes issued by states and municipalities to obtain interim financing for projects that will eventually be funded long term through the sale of a bond issue.

 

Related Words

Bank Anticipation Notes (BAN): Notes issued by states and municipalities to obtain interim financing for projects that will eventually be funded long term through the sale of a bond issue.

Municipal Notes: Short-term notes issued by municipalities in anticipation of tax receipts, proceeds from a bond issue, or other revenues.

Mutual Savings Bank: A state-chartered savings bank that is owned by its depositors and managed by a fiduciary board of trustees.

Moscow Interbank Currency Exchange (MICEX): Established in 1992, the most liquid and best organized financial exchange in Russia.

Money Market Notes: Publicly traded issues that may be collateralized by mortgages and mortgage backed securities (MBS).

Money Center Banks: Banks that raise most of their funds from the domestic and international money markets, relying less on depositors for funds.

National Bank: All banks in the United States are chartered by either a state government or the federal government. Federally chartered banks, called national banks, are overseen by the Comptroller of the . . . View Full Definition

Mortgage Banker: A lender, other than a bank, credit union, or savings and loan, that specializes in making residential mortgage loans.

National Bank Act Of 1863: In 1863, President Abraham Lincoln, at the urging of Salmon Chase, the Secretary of the Treasury, signed the National Bank Act. The Act established a national banking system and a uniform na . . . View Full Definition

Notes To Financial Statements: Explanatory information considered an integral part of the financial statements.