FinanceVirtual Currency In 2012, the European Bank defined virtual currency as “a form of unregulated, digital funds, which is supplied and usually governed by its coders, and…
FinanceAutomated Clearing House Automated Clearing House is definitely an electronic funds-transfer system run with the National Automated Paying off House Association. This payment system deals with payroll, direct…
FinanceCommunity Exchange System Community Exchange System (CES) is a community-based exchange system providing for its users to trade their goods and also services, both in the area and…
BankingElectronic Money Electronic money is the money which exists solely in banking computers and is not held in any physical form. In america, only a tiny proportion…
BankingBank Failure Bank Failure is the closing of an insolvent bank by a federal or express regulator. The comptroller of the currency has the power to close…
FinanceFinancial Regulation System Economic regulation is a variety of regulation or guidance, which subjects banking companies to certain prerequisites, restrictions and recommendations, aiming to keep up with the…
BankingMoney Laundering Term Money laundering is the generic term used to describe the process where criminals disguise the main ownership and control on the proceeds of criminal conduct…
BankingBank Regulation System The objectives of bank regulation, and emphasis, vary between jurisdictions. Bank regulations are a type of government regulation that subject banks for you to certain…
BankingSavings Bank Savings bank is often a financial institution whose primary purpose is usually accepting savings tissue and paying interest on those tissue. They originated in Europe…
FinanceCollateralized Debt Obligation Collateralized Debt Obligation (CDO) is a structured financial product that pools in concert cash flow-generating resources and repackages this asset pool directly into discrete tranches…
FinanceCollateralized Mortgage Obligation Collateralized Mortgage Obligation (CMO) is a form of mortgage-backed security in which principal repayments are organized in accordance with their maturities and into different classes…
FinanceMortgage Broker Mortgage broker is an intermediary that brings mortgage borrowers and mortgage lenders together, but isn’t going to use its own funds to come mortgages. A…