banker’s credit
31credit event — A term used in credit swap and some other credit related contracts. The specified credit event in each contract is defined by the parties to suit their particular needs. Typical specified credit events are bankruptcy, insolvency, credit rating… …
32credit linked note — A type of credit derivative instrument. Credit linked notes are a securitized form of credit derivatives. The protection buyer issues notes. If a specified credit event occurs, the investor who buys the notes has to suffer either a delay in… …
33credit watch — A warning issued by a credit rating agency alerting investors that the current rating is under review and may be upgraded or downgraded. American Banker Glossary A warning by a bond rating firm indicating that a company s credit rating may change …
34credit rating — An assessment of the creditworthiness of an individual or a firm, i. e. the extent to which they can safely be granted credit. Traditionally, banks have provided confidential trade references (see banker s reference), but recently credit… …
35credit enhancement — A measure that alters the structure of a security in a way that reduces its credit risk. Credit enhancement may take the form of a letter of credit issued to back securities. For mortgage backed and asset backed securities, credit enhancement may …
36Banker's acceptance — A short term credit investment created by a non financial firm and guaranteed by a bank as to payment. Acceptances are traded at discounts from face value in the secondary market. These instruments have been a popular investment for money market… …
37credit memos — Accounting adjustments that reduce account receivable balances due from account debtors. Usually credit memos are generated to account for merchandise that is returned and when credit is given to customers for damaged goods. Credit memos are the… …
38credit migration — Improvement or deterioration in an obligor s credit worthiness over time. Most often used to describe the improvement or deterioration in the credit worthiness as represented by a rating or credit grade. American Banker Glossary …
39credit line — In banking and commerce, that amount of money or merchandise which a banker, merchant, or supplier agrees to supply to a person on credit and generally agreed to in advance. See also line (line of credit). In motion pictures, the preliminary… …
40credit line — In banking and commerce, that amount of money or merchandise which a banker, merchant, or supplier agrees to supply to a person on credit and generally agreed to in advance. See also line (line of credit). In motion pictures, the preliminary… …
