Glossary entries J-P.
Junk bond finance is a phrase that gained currency in the 1980s, referring to the issuance of high yield bonds to supply funding for small, unseasoned companies or to raise the capital to support corporate takeover bids, including leveraged buyouts.
Layaway plans are an old means for helping consumers finance purchases. As opposed to credit sales, layaway requires the consumer to pay in full before taking possession of the goods.
Layering is a market manipulation technique that is related to spoofing.
In everyday usage, living wills are advance medical directives given by individuals in anticipation of contingency during which they may severly ill or injured and unable to speak for themselves. Now the phrase has begun to be used by regulators with respect to financial institutions.
The definition of margin loans.
A mortgage backed security, or MBS, is a debt instrument backed by home mortgages.
Microfinance is the lending of small amounts at low interest interest rates to spur the development of small businesses in poor countries.
In many developing countries transferring prepaid mobile phone (cell phone) credits are being used as a way to move money more swiftly and securely than the antiquated and inconvenient banking, postal and transportations systems in these countries would otherwise allow.
Calculating NPV is a method for evaluating projects or investments. It is an application of a fundamental concept in economics and finance called the Time Value of Money.
Nudging is a psychological term. It refers to the attempt to influence behavior by carefully selecting the choices that are presented to people.
Patent trolls are individuals or institutions that invest in patents for the stream of royalty income that they can provide. The trading of patents is becoming an increasingly important as an alternative investment.
Personal finance covers topics related to the management of finances for individuals and households. It is largely synonymous with consumer finance.
The definition of private banking.
What constitutes a Private Client.
What constitutes a product in the Financial Services industry.
Definition of Production Credits, a metric for Financial Advisor compensation.
