Business and Personal Finance Dictionary

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• CORRESPONDENT BALANCES - demand deposits held by one bank at another bank for check clearing, letters o...
  
  
• CORRESPONDENT BANK - a bank that regularly performs services for another financial institution usually ...
  
  
• CORRIDOR NOTE - An Accrual Note (q.v.).
  
  
• CORROSION - The dissolving and wearing away of metal caused by a chemical reaction such as between wate...
  
  
• CORROSIVE - A substance that eats or wears away materials gradually by chemical action.
  
  
• COSI - Cost of savings index. One of many interest rate indexes used to determine interest rate adjust...
  
  
• COSIGNER - an individual or entity that signs a legal document on an equal basis with the signer. On a ...
  
  
• COSIGNER, CO-MAKER AND CO-OBLIGOR - Terms used to identify multiple parties who sign as borrowers for a...
  
  
• COSIGNERS - Additional signers of a financial agreement that add their personal guarantees to that of t...
  
  
• COST - something of value, usually an amount of money, given up in exchange for something else, usually...