Tag: banks
Bail Bond
What is bail bond and why do people need it
Bail bonds are a type of surety bond that is posted on behalf of a...
Back-To-Back Letters Of Credit
What are 'Back-To-Back Letters Of Credit' Back-to-back letters of credit consist of two letters of credit (LCs) used together to finance a...
Cambrist
What is 'Cambrist' An individual who is deemed to have above-average knowledge of the foreign exchange market. A cambrist can relate to...
Bad Debt
What is bad debt and how does it affect your credit score
Most people are familiar with the term "bad debt." Generally, bad debt is...
Balance Sheet Reserves
What are 'Balance Sheet Reserves' Balance sheet reserves refer to the amount expressed as a liability on the insurance company's balance sheet...
Calendar Year Accounting Incurred Losses
What is 'Calendar Year Accounting Incurred Losses ' Calendar year accounting incurred losses is a term used in the insurance industry to...
Call Provision
What is a 'Call Provision' A call provision is a provision on a bond or other fixed-income instrument that allows the original...
Caisse Populaire
What is 'Caisse Populaire' A cooperative, member-owned financial institution that fulfills traditional banking roles as well as diverse activities such as lending,...
Canceled Check
What is a 'Canceled Check' A canceled check is a check that has cleared the depositor's account and has been marked "canceled"...
Canadian Deposit Insurance Corporation (CDIC)
What is 'Canadian Deposit Insurance Corporation - CDIC ' A crown corporation owned by the Canadian government that insures bank deposits up...