- Industria: Financial services
- Number of terms: 25840
- Number of blossaries: 0
- Company Profile:
UBS AG, a financial services firm, provides wealth management, asset management, and investment banking services to private, corporate, and institutional clients worldwide.
To draw in excess of the deposit balance or credit limit. See also overdraft.
Industry:Banking
Also: place of performance. Place where the debtor is to fulfil his/her obligation to pay.
Industry:Banking
A pooled vehicle aggregates capital on behalf of smaller investors wishing to participate in investments not otherwise accessible to them.
Industry:Banking
Also: total liabilities. The sum of assets or liabilities reported by a company in its balance sheet. As off-balance-sheet operations become increasingly significant, this indicator only reflects part of the overall business of a bank. See also bank balance sheet.
Industry:Banking
Abbr. CD. A certificate of deposit is a money market instrument and negotiable claim issued by a bank in return for a short- to medium-term deposit usually lasting 1-12 months, but in exceptional cases up to 5 years. By issuing the certificate the bank confirms that it has received a certain sum and that it will repay this amount to the lender together with the interest due at the end of the period decided upon by the lender. Normally certificates of deposit are issued in US dollars, even if they are issued by US banks through their branches in London (London CDs). Those certificates issued in New York play an important role as money market paper.
Industry:Banking
Security on which the borrower must pay interest at a set rate for their entire maturity (such as bonds, notes, medium-term notes, debentures, etc). Opposite: share, floating rate bond.
Industry:Banking
Situation in which a government's spending exceeds its income. Opposite: budget surplus.
Industry:Banking
The ability of one currency to be converted into another. See also: full convertibility, partial convertibility.
Industry:Banking
Also: valueless security. Security that has lost its value and expired and become a collector's item, or apparently worthless security of a permanently illiquid issuer with a correspondingly poor rating.
Industry:Banking
Trading in accordance with a trend. As a share rises, procyclical investors follow the herd, buying the share to benefit from the trend momentum. Opposite: anticyclical.
Industry:Banking
