non-interest bearing deposit
11Offset Mortgage — A type of mortgage that involves blending a traditional mortgage with one or more deposit accounts; the savings balance(s) held in the latter can be used to offset the mortgage balance. Both the account and the loan are held at the same banking… …
12Federal Reserve Act — Full title An Act To provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for… …
13money supply — monetary stock The quantity of money issued by a country s monetary authorities (usually the central bank). If the demand for money is stable, the widely accepted quantity theory of money implies that increases in the money supply will lead… …
14Henry Calvert Simons — Infobox Economist school tradition = image caption = name = Henry Calvert Simmons birth = birth date|1899|10|9 death = death date and age|1946|6|19|1899|10|9 nationality = flag|United States field = Economics influences = Frank H. Knight opposed …
15Compensating Balance — A minimum balance that must be maintained in an account. The compensating balance is often used to offset a portion of the cost that a bank faces when extending a loan or credit to an individual or business, and is usually calculated as a… …
16mandatory costs — The costs associated with banks complying with certain regulatory funding requirements (as opposed to capital adequacy costs which will be within the margin). The Bank of England, in common with central banks in many jurisdictions, requires banks …
17Working capital — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …
18BA — banker s acceptance (BA) A short term financial instrument that is the unconditional obligation of the accepting bank. Banker s acceptances, or BAs, arise from transactions involving the import, export, transit, or storage of goods, including… …
19M2 — Measure of the U.S. money stock that consists of M1, certain overnight repurchase agreements and certain overnight Eurodollars, savings deposits (including money market deposit accounts), time deposits in amounts of less that $100,000 and… …
20M2 — noun a measure of the money supply; M1 plus net time deposits (other than large certificates of deposit) • Hypernyms: ↑money supply * * * M2 noun All notes and coins in current general circulation plus non interest bearing bank deposits, building …
