plain vanilla

plain vanilla

Simple; not complex. Sometimes used to differentiate pass-through MBS pools from CMO structures. More often used to mean sequential-pay REMICs, the simplest REMIC structure.

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Industry/Domain: Banking
Category: Personal banking
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Related terms

Plain vanilla

Financial services; General Finance

A term that refers to a relatively simple derivative financial instrument, usually a swap or other derivative that is issued with standard features.

plain vanilla bond

Banking; Investment banking

Bond issued without conversion or warrant clauses but with a fixed term to maturity, fixed interest rate, regular interest payments on dates specified in advance and unconditional ...

Plain vanilla swap

Financial services; General Finance

See: Fixed for floating swap

plain vanilla swap

Financial services; Financial instruments

A plain vanilla swap is a type of financial instrument in which two private parties take out domestic loans with competitive interest rates and agree to pay the interest rate of ...

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Banking; Personal banking

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Banking; Personal banking

Loans and other assets that are at risk to some degree, in the opinion of bank examiners. Such assets fail to meet acceptable credit standards, and totals of classified loans are ...

ATM skimming

Banking; Personal banking

Describes the consumer fraud or theft that occurs when using an ATM that has been tampered with. Devices attached to the ATM (more commonly occurring at stand-alone ATMs) are ...

Transaction

Banking; Personal banking

A [financial] transaction involves a change in the status of the finances of two or more businesses or individuals.

lean

Banking; Personal banking

Lean is a methodology introduced in the business world and adopted by the banking sector in order to simplify internal processes and procedures to make the company efficient.

betting

Banking; Personal banking

A bet may be defined as the backing of an affirmation or forecast by offering to forfeit, in case of an adverse issue, a sum of money or article of value to one who, by accepting, ...