Investment banking

Investment banking

Of or relating to the business of underwriting, or acting as the client's agent, in the issuance of securities in order to assist an individual, commercial enterprise, corporation or government instution ro raise capital.

Industry: Banking

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Investment banking

Endorser

Banking; Investment banking

Person who has title to a negotiable instrument and writes his name on it in order to transfer said title or rights to another person or persons.

Direct debiting

Banking; Investment banking

Also: direct debit system. A method of collection whereby the debtor gives authorization for his/her bank accounts to be debited directly.

Open market policy

Banking; Investment banking

Influence exerted on the money supply and interest rates by the central bank through purchases and sales of short-, medium- and long-term debt instruments on the money or capital market for its own ...

Traveller's cheque (GB); traveler's cheque (USA)

Banking; Investment banking

Medium of payment created especially for use in international travel and tourism. In contrast to conventional cheques, traveller's cheques must be paid in advance by the buyer. They can be cashed at ...

Stamp duty

Banking; Investment banking

Also: stamp tax. Duty imposed in connexion with the issuance of securities, the transfer of ownership of securities and other documents or deeds, and the payment of insurance premiums. In ...

Value-at-risk

Banking; Investment banking

Abbreviation: VaR. Risk statistic that expresses the potential loss if a certain scenario occurs. In the case of banks, the value-at-risk is calculated daily.