Business / Finance / Member Bank: A national- or state-chartered bank that is a member of the Federal Reserve System. MORE
Business / Finance / Merchant Bank: A British term for a bank that specializes not in lending its own funds, but in providing various financial services such as accepting bills arising out of trade, underwriting new issues, and providin MORE
Business / Agriculture / Mitigation Bank: A bank is created when wetlands at a site are restored, enhanced or created in advance of destruction of similar wetlands in nearby locations. The bank then sells 'credits' in the bank to permit appli MORE
Business / Agriculture / London Interbank Offered Rate (LIBOR): The interest rate that major international banks charge each other for large volume loans of Eurodollars (U.S. dollars on deposit outside of the United States). MORE
Business / Finance / Legal Bankruptcy: A legal proceeding for liquidating or reorganizing a business. MORE