Abbreviations Meaning ABCI Association of Business Communicators of India ABCP Asset Backed Commercial Paper ACF Auto Correlation Function ACU Asian Clearing Union AD Authorized Dealer ADB Asian Development Bank ADF Augmented Dicky Fuller ADR Asset Development ReserveContinue Reading... Comments Off on List of Abbreviations used in Banking Industry
Term Meaning Yield Curve A yield curve (also called the term structure of interest rates) represents a snapshot in time of the yields offered by bonds of the same type – and, in particular, of the same credit quality – but of different maturities. The yield curve is actually the relation between the interest […]Continue Reading... No Comments.
Term Meaning W2 Statements A wage and tax statement used by the income tax system of United States to report wages paid to employees and the taxes withheld from them. Relevant amounts on Form W-2 are reported by the Social Security Administration to the Internal Revenue Service. Employers generally complete a Form W-2 for each […]Continue Reading... No Comments.
Term Meaning VA Loan A loan guaranteed against default by the borrower by the U. S. Department of Veteran Affairs. VA loans require no down payment and are offered exclusively to United States military personnel who are active, discharged or retired. Value At Risk (VAR) The sum or portion of the value that is at […]Continue Reading... No Comments.
Term Meaning UCF UCF stands for uncollected funds. Check, money orders, drafts or other financial instruments that is not released by the issuing bank. If the deposited check belongs to the same bank then the clearing period is less whereas if the deposited check belongs to other bank then the clearing period is more. When […]Continue Reading... No Comments.