Tag: bank

DefinitionC. Steven McMillan is an American businessman. He served as Chief Executive Officer of the Sara Lee Corporation from 2000 to 2005. C. Steven...

What is an obligor An obligor is a legal entity that is obligated to make payments on a debt or other financial obligation. The term...

DefinitionThe Community Chests in the United States and Canada were fund-raising organizations that collected money from local businesses and workers and distributed it to...

What are 'Federal Funds' Federal funds, often referred to as fed funds, are excess reserves that commercial banks and other financial institutions...

What is 'Reaction' A reversal in the movement of a security's price. Reaction is most often associated with a downward movement in...

Yacht Insurance What is 'Yacht Insurance ' An insurance policy that provides indemnity liability coverage on pleasure boats. Yacht insurance includes...

DefinitionThe GDP gap or the output gap is the difference between actual GDP or actual output and potential GDP. The calculation for the output...

What is a 'Zero Balance Account - ZBA' A zero balance account (ZBA) is a checking account in which a balance of...

Quick Facts The PPP is Purchasing Power Parity Purchasing power parity is used by macro-economic analysts to compare different countries' currencies through a...

What is 'JOD' The currency abbreviation or currency symbol for the Jordanian Dinar (JOD), the currency for Jordan. The dinar is made...