Related Words

Bank Holding Company: A company that owns or has controlling interest in two or more banks and/or other bank holding companies.

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

Mortgage Broker-Company: A person or firm that acts as an intermediary between borrower and lender, one who, for compensation or gain, negotiates, sells or arranges loans and sometimes continues to service the loans . . . View Full Definition

Mortgage company : A company that borrows money from a bank, lends it to consumers to buy homes, then sells the loans to investors.

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

Merchant Bank: A British term for a bank that specializes not in lending its own funds, but in providing various financial services such as accepting bills arising out of trade, underwriting new issues, an . . . View Full Definition

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

Management Company: A company responsible for running a resort on a day-to-day basis, often contracted to do so by the homeowners association. Frequently, the resort developer will have a controlling interest i . . . View Full Definition

Member Bank: A national- or state-chartered bank that is a member of the Federal Reserve System.

Mitigation Bank: A bank is created when wetlands at a site are restored, enhanced or created in advance of destruction of similar wetlands in nearby locations. The bank then sells 'credits' in the bank to pe . . . View Full Definition