Bank VIVA Term: Part 1

Bond: Bond refers to a certificate issued by a government or a company acknowledging that money has been lent to it and will be paid back with interest.

Bank Loan:  A specified sum of money lent by a bank to a customer, usually for a specified time, at a specified interest rate.

Call Money:  A short-term money market, which allows for large financial institutions, such as banks, mutual funds and corporations to borrow and lend money at interbank rates. The loans in the call money market are very short, usually lasting no longer than a week and are often used to help banks meet reserve requirements. Call money is also refereed as interbank.

Back door: One of the method by which the central bank injects cash into the money market.

Bill of Exchange: An unconditional order in written, addressed by one person to another.

Bounced check:  A check, which a bank returns unpaid because there is not enough available balance in the account or for other reasons.

Clearing House: A centralized and computerized institution for setting indebtedness between members.

Camels Rating System: An international bank-rating system where bank supervisory authorities rate institutions according to six factors. The six factors examined are as follows: C-Capital adequacy, A-Asset quality, M-Management quality, E-Earnings, L-Liquidity, S-Sensitivity to market risk.

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