Banking terms starting with I

15 terms

  1. Implied Writedown Calculated based on the under-collateralization of a security, or any shortfall between a security's collateral pool balance and the aggregate unpaid…
  2. Inactive Account An account that has little or no activity; neither deposits nor withdrawals having been posted to the account for a significant period of time.
  3. Index-linked Certificate of Deposit An index-linked CD is a deposit obligation of the issuing bank and is often sold through bank branches and affiliated and unaffiliated brokers.
  4. Individual Account An account in the name of one individual.
  5. Individual Retirement Account (IRA) A retirement savings program for individuals to which yearly tax-deductible contributions up to a specified limit can be made.
  6. Insufficient Funds When a depositor's checking account balance is inadequate to pay a check presented for payment.
  7. Insurance (Hazard) Insurance to protect the homeowner and the lender against physical damage to a property from sources such as but not limited to fire, wind, or vandalism.
  8. Insured Deposits Deposits held in financial institutions that are guaranteed by the Federal Deposit Insurance Corporation (FDIC) against loss due to bank failure.
  9. Interest The term interest is used to describe the cost of using money, a right, share, or title in property.
  10. Interest rate The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time.
  11. Interest Rate Index A table of yields or interest rates being paid on debt that is used to determine interest-rate changes for adjustable-rate mortgages and other…
  12. International Business Corporation (IBC) The term international business corporation or IBC refers to a corporation formed in an offshore financial secrecy jurisdiction which is afforded certain…
  13. investment adviser Any person who, for compensation, engages in the business of advising others, either directly or through publications or writings, as to the value of…
  14. investment adviser agent An investment adviser agent includes any individual employed, appointed or authorized by an investment adviser 1) to solicit business on a compensated…
  15. issuer Issuer means any person who issues or proposes to issue any security. Corporations, for example, may issue stock to the public, limited partnerships may…