Terms used in banking business such as Pledged Assets,Port scanning,Portfolio,Poverty Line etc


The terms used in banking business such as Pledged Assets,Port scanning,Portfolio,Poverty Line etc.



This post explains about terms used in banking such as Pledged Assets,Port scanning,Portfolio,Poverty Line,pre-approved,Preference Shares,Prepayment,Premature Withdrawals,Price Mechanism,Price/Earnings Ratio ,Prime Lending Rate,Primary Member etc.These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.


The terms used in banking business


Pledge: A bailment of goods as security for payment of a debt or performance of a promise, e.g pledge of stock by a borrower to a banker for a credit limit. Pledge can be made in movable goods only.


Pledge:If someone pledges goods, they let a second person take possession of the goods, but the person pledging the goods still owns them. It is often done as security for money owed or to make sure that something is done as promised.


The terms used in banking  business such as Pledged Assets,Port scanning,Portfolio,Poverty Line etcPledged Assets: Bank-owned securities that are pledged as collateral for funds deposited by the federal government or by a state or municipal government. These pledged assets are generally U.S. government or municipal obligations or other types of obligations as specified by law.


point of sale (POS) -- The store or other location where a transaction takes place.


Pool: A collection of mortgages assembled by an originator or master servicer as the basis for a security. Pools are identified by a number.


Port - a connection type used Internet software. For example, port 80 is usually used for web browsing, port 25 for sending email and port 110 for downloading email.


Port scanning - a hacking technique that attempts to connect to every possible port on your computer.


Portfolio: A collection of investment vehicles assembled to meet one or more investment goals.


Portfolio: collection of securities held by an investor. Also known as a ‘fund’.


Positive Carry: A condition in which the yield on a security is greater than the cost of borrowing funds to hold it. Compare Negative Carry.


Post-Dated Cheque: A Cheque which bears the date which is subsequent to the date when it is drawn. For example, a cheque drawn on 8th of February, 2007 bears the date of 12th February, 2007.


posting date -- The date when a transaction is recognized on your account.


Poverty Line: Poverty line is a virtual line demarcating persons living below and above it. In India all those persons are treated living below poverty line who are not able to earn that much of income which is not sufficient to acquire food equivalent to 2100 calories per person per day in urban areas and 2400 calories per person per day in rural areas. As per UNDP, one US dollar (1993 PPP US $) per person per day is treated as poverty line.


Power of Attorney: A power of attorney is a document, which gives power to the person appointed by it to act for the person who signed the document.


Power of Attorney: It is a document executed by one person - Donor or Principal, in favour of another person, Donee or Agent - to act on behalf of the former, strictly as per authority given in the document.


Power of Attorney: The legal authorization for one party to sign for and act on behalf of another party.


PQLI: PQLI is known as Physical Quality of Life Index which is used to assess the level of social development. This index was developed by Jim Grant for The Overseas Development Council PQLI is calculated by using indices of (i) Adult literacy rate, (ii) IMR, (iii) Life Expectancy.


pre-approved -- A term used to denote a credit offer that is extended after the creditor has performed a credit pre-screening process.


Pre-authorized Payment: Amounts that you allow to be deducted from your account on a regular basis. Many people use pre-authorized payments to pay things like telephone and cable bills.


Preference Shares: A corporate security that pays a fixed dividend each period. It is senior to ordinary shares but junior to bonds in its claims on corporate income and assets in case of bankruptcy.


Premature Withdrawals: Term deposits like Fixed Deposits, Call Deposits, Short Deposits and Recurring Deposits have to mature on a particular day. When these deposits are sought to be withdrawn before maturity , it is premature withdrawal.


Premium (Warrants): The difference of the market price of a warrant over its intrinsic value.


Premium Bond: Bond selling above par.


Premium: The amount by which the price paid for a security exceeds the par value of the security. Also, the amount that must be paid over the par value to call or refund an issue before maturity.


Prepayment Speed: See Prepayment and PSA Prepayment Model.


Prepayment: An unscheduled principal payment on a mortgage or mortgage-backed security that forms part of the collateral for a mortgage-backed security. This usually occurs when homeowners sell their homes or otherwise prepay their mortgage loans prior to maturity. Prepayments may significantly affect the weighted average life and yield of mortgage-backed bonds.


Prerefunding: See advance refunding.


Present Value of an Annuity: The amount to which a stream of equal cash flows that occur in equal intervals will discount back to present when it is depreciated in an account paying compound interest.


Present Value: The discounted value of a payment or stream of payments to be received in future, taking into consideration a specific interest or discount rate. Present Value represents a series of future cash flows expressed in today’s value.


Presentment: The delivery of an electronic funds transfer or negotiable instrument to the payor’s bank.


previous balance -- The balance that has carried over from the previous billing period.


Price Mechanism: Price mechanism signifies the working of those market forces which establishes equilibrium in the economy. Laissez faire policy is the basis for the working of price mechanism.


Price Ring: It is an unofficial syndicate by which the prices are controlled with the prior understanding among the traders. These dealers under a price ring decide not to over-bid one another at the public auction to keep the prices low. This price ring may discourage outsiders from coming to the auctions.


Price/Earnings Ratio (P/E): The measure to determine how the market is pricing the company’s common stock. The price/earnings (P/E) ratio relates the company’s earnings per share (EPS) to the market price of its stock.


Price/Yield Range Settings for Trades:NDS-OM Web shall validate that the price/yield of every order placed by a GAH user is within the range specified by the Primary Member vis-à-vis the last traded price/yield for the concerned security in the specific market.


Primary Distribution, or Offering: The initial sale and distribution of an issuer's securities. See Secondary Distribution.


Primary Market: The demand for first issues of securities.


Primary Member (PM): A member of NDS-OM (having Constituent Subsidiary General Ledger (CSGL) and current account with RBI) who authorizes their Gilt Account Holders to have direct access to the web enabled NDS-OM system.


Prime Lending Rate (PLR): The rate of interest charged on loans by banks to their most creditworthy customers.


Prime Lending Rate: The floating annual rate of interest established and recorded by the lender as such from time to time as a reference for determining rates of interest the lender will charge on loans, denominated in Canadian Dollars in Canada.


Prime rate: This benchmark is the interest rate that banks and other financial institutions charge their best customers for loans. It is used to set interest rates for many other products, including home equity loans, adjustable-rate mortgages, lines of credit and credit cards. The prime rate is tied to the federal funds target rate, which is set by Federal Reserve policymakers and governs overnight interbank lending. This is an important gauge, because when it changes, so will the prime rate.

The above details describes about terms called in banking such as Pledged Assets,Port scanning,Portfolio,Poverty Line,pre-approved,Preference Shares,Prepayment,Premature Withdrawals,Price Mechanism,Price/Earnings Ratio ,Prime Lending Rate,Primary Member etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in overseas trade below this post.Terms used in banking business such as Personal Access Code,Personal Identification Number,Plastic Money,Phishing etc


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