Tag: bank
Occupancy Fraud
What is 'Occupancy Fraud' A type of mortgage fraud, whereby the borrower lies about whether or not the home will be owner...
JMD (Jamaican Dollar)
What is 'JMD' The currency abbreviation or the currency symbol for the Jamacian dollar (JMD), the currency for Jamaica. The currency is...
Naked Option
What is a naked option
When most people think of options trading, they picture someone buying or selling a call or put option on an...
Xenocurrency
What is 'Xenocurrency' A currency that trades in markets outside of its domestic borders. The term "xenocurrency" is derived from the prefix...
BRIC
DefinitionIn economics, BRIC is a grouping acronym that refers to the countries of Brazil, Russia, India and China, which are all deemed to be...
C-Share
What is C-Share and how does it work
C-share is a type of mutual fund that allows investors to share in the unrealized gains or...
T-Account
What is a T-account
A T-account is a visual representation of the ledger of a business or individual. It is so named because it looks...
Back Charge
What is 'Back Charge' A billing made to collect an expense incurred in a previous billing period. A back charge may be...
Z-Score
What is a 'Z-Score' A Z-score is a numerical measurement of a value's relationship to the mean in a group of values....
ABA Bank Index
What is 'ABA Bank Index' A banking index that is made up of community banks and banking institutions. This index was created...