banker’s credit
91earnings credit rate — An interest rate applied to investable account balances to determine how much expense for bank services used by a depositor is offset by the deposits maintained by that depositor. The same calculation can work in the opposite way by applying the… …
92letter of credit right — A right to payment or performance under a letter of credit whether or not the beneficiary has demanded or is at the time entitled to demand payment or performance. The term does not include the right of a beneficiary to demand payment or… …
93letter of credit — 1. an order issued by a banker allowing a person named to draw money to a specified amount from correspondents of the issuer. 2. an instrument issued by a banker authorizing a person named to make drafts upon the issuer up to an amount specified …
94full faith and credit — A pledge of the general taxing power for the payment of debt obligations. Bonds carrying such pledges are referred to as general obligation bonds or full faith and credit bonds. American Banker Glossary …
95guidance line of credit — A line of credit approved by the bank, but not disclosed to the borrower until some specific event, usually a request for funding from the borrower. Also called an unadvised line. American Banker Glossary …
96warehouse lines of credit — An informal name used by some bankers for lines of credit used to finance a borrower s temporary ownership of long term assets such as mortgages. American Banker Glossary …
97letter of credit — noun a letter written by one banker or merchant to another, requesting extension of credit to the person named therein, up to a specified amount …
98John Bond (banker) — Infobox Celebrity name = John Reginald Hartnell Bond caption = Sir John Bond birth date = 24 July 1941 birth place = Oxford, United Kingdom death date = death place = occupation = Chairman, Vodafone Group plc networth = spouse = Lady Elizabeth… …
99custodial credit risk — The risk that a financial instrument owner will suffer a loss resulting from the default of a third party that holds the financial instrument. The third party might be a safekeeping agent or a secured creditor. The financial instruments are… …
100letter of credit — let′ter of cred′it n. 1) bus a document issued by a banker allowing the person named to draw money to a specified amount 2) bus a letter from a bank notifying a person that drafts on the issuer have been authorized up to a specified amount •… …
