Tag: banks
Where to Exchange Currency in Canberra
It's no secret that Canberra is one of the most expensive cities in Australia. If you're visiting from another country or state, you'll most...
Keefe Bank Index
What is 'Keefe Bank Index' An index of regional bank and money centers. The Keefe Bank Index is compiled by Keefe, Keefe,...
Key Currency
What is 'Key Currency' The currency used as a reference in an international transaction or when setting an exchange rate. The key...
Hard Loan
What is 'Hard Loan' A foreign loan that must be paid in the currency of a nation that has stability and a...
Hawala
What is hawala
Hawala is an informal value transfer system that is often used in countries where formal banking systems are not well developed. Under...
Hara-Kiri Swap
What is 'Hara-Kiri Swap' An interest rate or cross-currency swap devoid of any profit margin for the originator. The term gets its...
Head Trader
What is 'Head Trader' The manager of a trading business. He or she is responsible for the positions, risk and ultimate profitability...
Incentive Trust
DefinitionIn American estate planning parlance, an incentive trust is a trust designed to encourage or discourage certain behaviors by using distributions of trust income...
Illiquid Option
What is 'Illiquid Option' An option contract that cannot be sold for cash quickly at the prevailing market price. Illiquid options have...
Investment Banks
There are few careers as lucrative and prestigious as investment banking. But what exactly is investment banking, and how do you go about getting...