1. To generate a certain minimum return on the monies loaned, to cover the lender’s marketing and loan administration expenses, this is a period when loan full-payoff is not allowed without penalties,

Where bid price equals the asked price as a temporary situation.

An arrangement allowing a chosen, earnest buyer time to complete its purchase free of pressure from competition. Seller’s and buyer’s written or oral contract requiring that the seller not seek or accept

A deposit made that is held on to until its maturity date by the bank. Refer to a floating rate or negotiable certificate of deposit.

total of rent and a reasonable expense for utilities and provided appliances, furniture, and amenities.

Amount of control an entity believes it exerts over current and anticipated circumstances, as well as expected responses as behavior toward these circumstances.

Banking related service allowing a company to drop its deposit in a postal box where the bank will obtain the deposit and post it to the company’s bank account(s). Typically this service

Measure of unit increase or decrease that is actually a tenfold increase or decrease in the quantity measured. For example, a pH reading of 5 pH indicates 10 times the acidity of

A report where asset prices distribution is calculated using a random variable to show how the market can change. Refer to normal distribution.

Statistical estimation technique for straight-line, linear relationships between two or more variables. A dependent variable is influenced by one or more independent variables in this case. The data values, converted to their

A management philosophy: strategies develop over various small decisions evaluated periodically, and not by a one-time decision. Logical results through experimentation and learning lead to these small decisions, not random determination.

Used as a reference for floating rate payments, this is the interest rate midway between LIBOR and LIBID rates.

Guarantee of a given interest rate for a limited amount of time as a commitment from a lender to a borrower.

Futures exchange for non-ferrous metal and plastics based in London, England. 1571 saw the establishment of the Royal Exchange, London’s first stock exchange, which evolved into the LME.

Agreement to provide aid and extend trade and tariff preferences to 62 African, Caribbean, and Pacific (CAP) states by the European community, now the European Union. In 1975 the capital of Togo,

A position that loses profit due to a decline in prices.

In 1982, London International Financial Futures Exchange was established. In 1992 it merged with the London Traded Options Market (LTOM), changed its name, yet retained the same acronym. It is Europe’s leading

The bidding half of an exchange in the london interloan bank.

accommodating the language, cultural, political and legal differences of a foreign market or country as a practice for adjusting a product’s functional properties and characteristics.

In a surplus treaty a reinsurer agrees to accept this amount.