10 Résult(s) for
financial
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Ledger cash |
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A firm's cash balance as reported in its financial statements. Also called book cash.
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account aggregation |
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An online service provided to individuals, allowing them to consolidate a range of accounts, bills, credit cards, and other financial information into one interface, in order to simplify the managing of personal finances.
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Depository Trust and Clearing Corporation (DTCC) |
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The DTCC is the world's largest securities depository, holding trillions of dollars in assets for the members of the financial industry that own the corporation. It is also a national clearinghouse for the settlement of corporate and municipal securities transactions. The DTCC, a member of the Federal Reserve System. was created in 1999 as a holding company with two primary subsidiaries, the Depository Trust Company (DTC) and the National Securities Clearing Corporation (NSCC).
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Depository Trust and Clearing Corporation (DTCC) | Details |
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Discount rate |
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The discount rate is the interest rate charged by the Federal Reserve on loans it makes to banks and other financial institutions. The discount rate becomes the base interest rate for most consumer borrowing as well, since a bank generally uses the rate it pays to borrow the discount rate as a benchmark for the interest it charges on the loans it makes. For example, when the discount rate increases, the interest rate lenders charge on home mortgages and other loans increases as well. And when the discount rate decreases, the cost of consumer borrowing generally decreases as well.
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Financial institution |
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Any institution that collects money from the public and puts it into assets such as stocks, bonds, bank deposits, or loans, rather than into tangible property (such as real estate or an automobile), is considered to be a financial institution.
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Financial planner |
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A professional financial planner evaluates your personal financial situation and helps you develop a plan to meet both your immediate needs and your long-term goals.
Fee-only planners charge you by the hour or sometimes charge a flat fee for a specific service. They don't sell products or get sales commissions. Other planners don't charge a fee but earn commissions on the products you buy. Still others charge fees and get commissions but may offset part of their fee with commissions on products you buy.
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Foreign exchange (FOREX) |
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Any type of financial instrument-from electronic transactions to paper currency, checks, and signed, written orders called bills of exchange-that's used to make payments between countries is considered foreign exchange.
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Foreign exchange (FOREX) | Details |
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Guarantor |
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If lenders are concerned about your income, your credit history, or other risk factors when you apply for a loan, they may require a guarantor, or cosigner, who signs the loan with you and agrees to pay your debt if you default. For example, lenders may fear that your income may not be high enough to meet your payments if you encounter any unexpected financial setbacks.
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Hardship withdrawal |
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A hardship withdrawal occurs when you are allowed to take out some or all of your 401(k) money to meet certain financial needs. You qualify by meeting the conditions your plan imposes, which typically ask you demonstrate the urgency of the situation and your need for the money. Among the allowances the IRS makes for hardship withdrawals are purchasing your primary house, covering out-of-pocket medical expenses for you or a dependent, or paying college tuition for you or a dependent.
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Investment bank |
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An investment bank is a financial institution that helps companies take new bond or stock issues to market, usually acting as the intermediary between the issuer and investors. Investment banks may underwrite the securities, for example, by buying all the available shares at a set price and then reselling them to the public. Or they may act as agents for the issuer and take a commission on the securities they sell.
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