Tag: bank
Immediate Family
What is an 'Immediate Family' Immediate family members usually include a person’s parents, spouse, children and siblings. A person’s grandparents, grandchildren, in-laws...
Immediate Beneficiary
What is an immediate beneficiary
An immediate beneficiary is a person or entity who receives benefits from a trust or other financial arrangement immediately, as...
In-House Financing
What is 'In-House Financing' In-house financing is a type of seller financing in which a firm extends customers a loan, allowing them...
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...
Natural Gas Equivalent
What is natural gas equivalent
Natural gas is a fossil fuel that consists mostly of methane. It is often used as a fuel for cooking,...
Narrow Money
DefinitionIn economics, broad money is a term denoting a certain measure of the amount of money in a national economy, and it is used...
Named Beneficiary
What is 'Named Beneficiary' This term refers to any beneficiary named in a will, a trust, an insurance policy, pension plan accounts,...
National Currency
What is 'National Currency' The currency or legal tender issued by a nation's central bank or monetary authority. The national currency of...
National Housing Act
What is 'National Housing Act' Federal legislation passed in 1934 to create the Federal Housing Administration (FHA). Its purpose is to make...
Negative Interest Rate Policy
A negative interest rate policy (NIRP) is a monetary policy that is used by central banks to keep negative rates in the country. The...