Tag: institutions
Abend
What is 'Abend' An unexpected end to a computer program that results in the system crashing or closing down. Derived from the...
Day-Around Order
What is 'Day-Around Order' An order that cancels and replaces a previously submitted day order, producing a new request with an adjusted...
Day Rate
What is 'Day Rate' The price/cost of a particular service for a day's period. In some markets it is referred to as...
Wealth
What is 'Wealth' Wealth measures the value of all the assets of worth owned by a person, community, company or country. Wealth...
Large Value Transfer System (LVTS)
What is 'Large Value Transfer System - LVTS' An electronic wire payment system in Canada, facilitating the transfer of funds between large...
Diversification
Diversification is a technique that deals with risk management by mixing a wide range of investments in a single portfolio in hope that the...
Unbundling
DefinitionUnbundling is a neologism to describe how the ubiquity of mobile devices, Internet connectivity, consumer web technologies, social media and information access in the...
Underbanked
DefinitionThe underbanked is a characteristic describing people or organizations who do not have sufficient access to mainstream financial services and products typically offered by...
U.S. League Of Savings Institutions
What is 'U.S. League Of Savings Institutions' A now-defunct nationwide organization of savings institutions. The U.S. League of Savings Institutions was created...
Know Your Client (KYC)
What is 'Know Your Client - KYC' The Know Your Client form is a standard form in the investment industry that ensures...