Tag: system
Daylight Overdraft
DefinitionIn the United States, the daylight overdraft is a system in which "allows qualifying banks to overdraw on their Federal Reserve accounts in order...
Deal Slip
What is 'Deal Slip' A record of the essential details of a transaction entered into by a forex dealer. It is the...
Day-Count Convention
DefinitionIn finance, a day count convention determines how interest accrues over time for a variety of investments, including bonds, notes, loans, mortgages, medium-term notes,...
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...
Dash To Trash
What is 'Dash To Trash' When investors flock to a class of securities or other assets, bidding up prices to beyond what...
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...
Quality Control
What is 'Quality Control' Quality control is a process through which a business seeks to ensure that product quality is maintained or...
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...
Underlying Security
What is an 'Underlying Security' An underlying security is the security on which a derivative derives its value. For example, a call...
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...