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Money given by a buyer when making a formal offer to bind the sale. Also called earnest money. It is also the term used for money placed in a bank or other financial institute.
A term used synonymously with paper money or currency issued by a bank. Notes are, in effect, a promise to pay the bearer on demand the amount stated on the face of the note. Federal Reserve Banks are the only institutions authorized to issue bank notes.
The net amount of funds that a lending institution disburses under the terms of a loan, and which the borrower then owes.
One of the first steps to choosing a money market mutual fund is selecting the category of money market fund. When identifying the type of fund to invest in the main category delineations are whether to invest in are taxable and tax exempt money market funds. Tax exempt money market funds can be further evaluated
The Village Bank is a state-chartered independent bank that serves the residents and businesses of Washington County and portions of Iron County, Utah and Clark County, Nevada. The bank was established on August 7, 1996. The Village Bank has been FDIC insured since August 7, 1996. The Village Bank has four bank branches. The Village
CD rates at the nation’s banks were little changed for the week ending July 8, 2011. The average rate on the top CD rates available nationally inched just negligibly on the week. The Selectcdrates.com index of the highest CD rates for the three month, six month, one year, two year and five year CD terms
Banks, like credit cards and brokers before them, are hoping their customers stay safely unaware of what the financial industry actually entails. Fortunately for banks, most customers are living up to the industries very low expectations. The vast majority of banks, especially those with large downtown offices and football stadiums, don’t operate with
Payable on Death. A written declaration from a deposit customer, usually on the signature card, that the funds will belong to one or more specifically named beneficiaries upon death of the owner.
Interest rates moved measurably lower after the release of the FOMC statement on September 21. The ten year US Treasury bond rate shed 11 basis points or 11/100’s of a percent between the market opening on Tuesday to the close of the day. The ten year Treasury rate started the day with a
A general difference between banks and credit unions is that the banks often markets themselves as a full service institution. Banks not only offer savings account, checking accounts and certificates of deposit but frequently offer money market accounts, CD secured loans, home loans, personal loans, credit cards, auto loans and more. Most of these products
Net income for a bank that is not derived by interest earned on loans and assets. Noninterest income may include check collection fees, monthly service charges on deposit accounts, cash management services and fees from bank credit cards and consumer loans.
If a person does not have overdraft protection, each time a check is bounced, they must pay an NSF (Nonsufficient Funds Fee). This is usually $35 per check, an amount that can significantly add up if the bouncing is done numerous amounts of times. And this happens whether the check bounced is $1,000
The difference between the face value and the price paid for a security.
A payment postponed until a future date.
Finding high yield CD rates in California is becoming harder and harder and many CD rate shoppers simply review the CD interest rates promoted by the largest banks in the region to invest their funds. Unfortunately for many of these investors and savers they may be missing higher rate opportunities with regional and smaller
Laddering is one fundamental strategy to protect your assets and maximize returns in a rising inflationary market. Laddering involves buying securities, in this case – bank certificate of deposits that mature at varying intervals. With this strategy your CDs with short terms will have a slightly lower rate of return than the longer
Consumers in Baltimore can celebrate the latest Super Bowl victory in two ways, by relishing in the performance of their home team, the Baltimore Ravens, or by earning a little extra money on their savings with a high yielding CD at Liberty Bank of Maryland. Just like the Ravens above average record on the field,
A state or federally chartered depository financial institution that was primarily a provider of home mortgages but since deregulation in the 1980’s to offer services similar to a commercial bank.
Capital Community Bank was founding in 1993. The bank serves Utah county residents through four full-service offices in Orem, Provo, Salem, and Pleasant Grove. The bank offers various saving and checking accounts as well as loan products including conventional business loans and small business loans. The Bank also provides consumer loans, commercial and residential real
Stock prices and bond yields in mid April have continued the recent trend of moving in the opposite direction. While the stock market has been struggling, the bond market has been forging ahead higher which has pushed the interest rates tied to bonds lower. Interest rates and stocks have often followed similar paths. When money