The terms used in banking business such as as Adjustable Rate Mortgages,adjusted balance,Administered Price,Advance Refunding etc.
This post explains about terms used in banking such as Adjustable-Rate Mortgages,adjusted balance,Administered Price,Advance Refunding,Advanced Countries,Advising Bank 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
Active Market:This is a term used by stock exchange which specifies the particular stock or share which deals in frequent and regular transactions. It helps the buyers to obtain reasonably large amounts at any time.
Activity Control Settings for Trades: Primary Members shall assign Buy and / or Sell privileges to each of the Transactional Users of their GAH through activity control settings.
Actuary:Insurance company official, responsible for estimating future claims and disbursement and for calculating necessary fund and premium levels.
Adjustable-Rate Mortgages (ARMS): Also known as variable-rate mortgages. The initial interest rate is usually below that of conventional fixed-rate loans. The interest rate may change over the life of the loan as market conditions change. There is typically a maximum (or ceiling) and a minimum (or floor) defined in the loan agreement. If interest rates rise, so does the loan payment. If interest rates fall, the loan payment may as well.
adjusted balance -- The balance that remains when all payments made during a billing cycle are subtracted from the balance from the previous billing cycle. This balance does not include finance charges for the current billing cycle.
Administered Price:The administrative body e.g., the government a marketing board or a trading group determines this price. The competitive market force are not entitled to determine this price. The government fixes a price in accordance with demand supply portion in the market. Ad-valorem TaxAd-valorem tax is a kind of indirect tax in which goods are taxed by their values. In the case of ad-volorem tax, the tax amount is calculated as the proportion of the price of the goods. Value added Tax (VAT) is an ad-volorem Tax.
ADS:Authorized Dealers
Advance Refunding: A treasury operation that offers owners of outstanding federal obligations the opportunity to exchangesecurities for longer-term issues that may bear a higher yield to maturity. Advance refunding on a municipal bond refers to the sale of a refunding issue several years prior to the issue's first call date, with the proceeds being held in trust. Also called prerefunding.
Advanced Countries:Advanced countries are countries which are industrially advanced, having high national and per capita income and ensure high rate of capital formation. These countries possess highly developed infrastructure and apply most updated and advanced technical know-how in their productive activities. A strong and well organised financial structure is found in these advanced countries.
Advancing Market: A market in which prices are generally rising.
Adverse Action Notice: The notice required by the Equal Credit Opportunity Act advising a credit applicant or existing debtor of the denial of their request for credit or advising of a change in terms considered unfavorable to the account holder.
Adverse Action: Under the Equal Credit Opportunity Act, a creditor's refusal to grant credit on the terms requested, termination of an existing account, or an unfavorable change in an existing account.
Advising Bank:A Bank usually located in the country of residence of an Exporter, used by an Importer’s bank to authenticate a Letter of Credit before it is passed on to the Exporter.
Adware - also known as Spyware. Any software that covertly gathers user information through the user's Internet connection without their knowledge, usually for advertising purposes. Spyware applications are typically bundled as a hidden component of freeware or shareware programs which can be downloaded from the Internet. Once installed, the Spyware monitors user activity on the Internet and transmits that information in the background to someone else. Spyware can also gather information about email addresses, usernames, passwords and credit card numbers.
The above details describes about terms called in banking business such as as Adjustable-Rate Mortgages,adjusted balance,Administered Price,Advance Refunding,Advanced Countries,Advising Bank 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.The terms used in banking such as Account Holder, Account statement , Accrued Interest etc
Related posts about free online training on export trade:
How to export your product?
Click here to know HS code of your product
What is the ITC code (Indian Tariff Code) of your product?
12 Major risks and solutions in Imports and Exports
Disadvantages of Letter of credit (LC) for Exporter
Foreign Trade Agreements of India
Mode of payments in international trade
Packing credit loan to Indian Exporters
Wool and Woollens Export Promotion Council
Wool Industry Export Promotion Council
Tobacco Board
TEPC,Telecom Equipment and Services Export Promotion Council
Is Airway bill a documents of title?
Is Customs House Agents (CHA ) required to be appointed mandatory?
Is DP terms of payment safe in export business?
Is Letter of Credit LC safe for an Importer?
Is ON BOARD CERTIFICATE required for LC negotiation
What is VACIS exam in US import customs clearance
When can an exporter release bill of lading from shipping company?
When does exporter get EP copy of shipping bill after customs clearance
How does CFR term of delivery work in Export Import business
How does comprehensive policy of ECGC work for exporters?