Related Words

Bank Discount Basis: A convention used for quoting bids and offers for Treasury bills in terms of annualized yield, based on a 360-day year.

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.

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

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.

Interest Basis: The price paid for borrowing money. It is expressed as a percentage rate over a period of time and reflects the rate of exchange of present consumption for future consumption. Also, a share . . . View Full Definition

Fractional Basis: Each property in the improvement district is charged a prorated share of the total amount of the special tax assessment. The share is determined either on a fractional basis (four houses may . . . View Full Definition

Fog Bank: A fairly well-defined mass of fog observed in the distance. Most commonly seen at sea, over a lake, or along coastal areas.

Foreign Banking Market: Process by which the holder of a mortgage seizes the property of a homeowner who has not made interest and/or principal payments on time as stipulated in the mortgage contract.

Formula Basis: The form required by the NASD to report equity transactions after the market's regular hours.