Business and Personal Finance Dictionary

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• BANK FOR INTERNATIONAL SETTLEMENTS - BIS - The BIS, located in Basle, Switzerland, was established in 1...
  
  
• BANK GUARANTEE - an irrevocable commitment by a bank to pay a specified sum of money in the event that ...
  
  
• BANK GUARANTEE LETTER - Is a document by which an approved bank certifies that an put option writer or ...
  
  
• BANK HOLDING COMPANY - A company that owns or controls one or more banks or companies associated with b...
  
  
• BANK HOLDING COMPANY - BHC - Company that owns, or has controlling interest in, one or more banks. A co...
  
  
• BANK INSURANCE FUND (BIF) - the fund that provides deposit insurance for commercial banks. It is admini...
  
  
• BANK INVESTMENT CONTRACT (BIC) - Interest guaranteed by the bank in a portfolio over a specific time fr...
  
  
• BANK INVESTMENT CONTRACTS (BICS) - A negotiated-term deposit issued by a commercial bank. See Guarantee...
  
  
• BANK LETTER OF CREDIT POLICY - Standards allowing banks to confirm letters of credit by foreign banks s...
  
  
• BANK LINE - Line of credit that a bank grants to a customer.