Tag: credit

What is 'Vendor Note' A type of debt instrument used in a particular type of short-term loan agreement in which the seller...

What is 'Variable Rate Demand Bond' A bond with floating coupon payments that are adjusted at specific intervals. The bond is payable...

What is a 'Vanilla Option' A vanilla option is a financial instrument that gives the holder the right, but not the obligation,...

What is 'Vanishing Premium Policy' A vanishing premium policy is a form of participating whole life insurance where the policyholder can use...

What is 'Fair And Accurate Credit Transactions Act - FACTA' A U.S. resolution passed in 2003 that is aimed at enhancing protection...

What is 'Federal Credit Union - FCU' A credit union chartered and supervised by the National Credit Union Association (NCUA), a federal...

What is 'Fairway Bond' A type of bond that accrues interest if the embedded index or interest-rate option underlying the bond remains...

What is 'Federal Farm Credit System - FFCS' In the United States, a network of federally chartered financial institutions designed to provide...

What is the 'Fair Credit Billing Act - FCBA' A federal law designed to protect consumers from unfair credit billing practices. The...

DefinitionA savings account is a deposit account held at a retail bank that pays interest but cannot be used directly as money in the...