Tag: banking
Financial Security
The term security in common usage denotes safety; however in financial parlance the term is taken to refer to a tradable financial asset. In fact this...
Federal Credit Union (FCU)
What is 'Federal Credit Union - FCU' A credit union chartered and supervised by the National Credit Union Association (NCUA), a federal...
Savings Account
DefinitionA savings account is a deposit account held at a retail bank that pays interest but cannot be used directly as money in the...
Leverage
Leverage is the utilization of distinct financial tools or borrowed capital comprised to increase the possible return on an investment. Leverage is most commonly...
Fake Claims
What is 'Fake Claims' The term fake claims refers to insurance claims that are made fraudulently. These claims are made in an...
Facilitating Payment
DefinitionA facilitating payment is a certain type of payment to foreign officials that is not considered to be bribery according to legislations of some...
Federal Financial Institutions Examination Council (FFIEC)
What is the Federal Financial Institutions Examination Council and what do they do
The Federal Financial Institutions Examination Council (FFIEC) is a U.S. government organization...
False Market
What is 'False Market' A market where prices are manipulated and impacted by erroneous information, preventing the efficient negotiation of prices. These...
Federal Advisory Council
What is a Federal Advisory Council
A Federal Advisory Council (FAC) is a federal body created to provide advice, counsel, and recommendations to an entire...
Federal Deposit Insurance Corporation Improvement Act (FDICIA)
What is 'Federal Deposit Insurance Corporation Improvement Act - FDICIA' Passed in 1991 at the height of the Savings and Loan Crisis...