Related Words

Bank Investment Contract (BIC): Interest guaranteed by the bank in a portfolio over a specific time frame with a specific yield.

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

Mutually Exclusive Investment Decisions: Investment decisions in which the acceptance of a project precludes the acceptance of one or more alternative projects.

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

National Bank For Cooperatives (Cobank): An institution of the Farm Credit System that provides financial services to approximately 2,000 agricultural cooperatives, rural utility systems, Farm Credit System associations and other b . . . View Full Definition

Net Investment: Gross, or total, investment minus depreciation.

Nearby Futures Contract: When several futures contracts are considered, the contract with the closest settlement date is called the nearby futures contract. The next (or the 'next out') futures contract is the one t . . . View Full Definition

National Practitioner Data Bank (NPDB): A database maintained by the federal government that contains information on physicians and other medical practitioners against whom medical malpractice claims have been settled or other dis . . . View Full Definition

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

Municipal Investment Trust (MIT): A unit investment trust that buys municipal bonds and usually holds them until maturity, passing the bond income on to shareholders, usually tax-free.