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

Debit interest

Banking; Investment banking

Interest charged by the bank on loans or on overdrawn accounts. Opposite: credit interest.

Month-end closing

Banking; Investment banking

(1) Refers to transactions settled as at the end of the month (last business day of the month). (2) Time when forward transactions are closed out (liquidated, squared). See also mid-month.

Payment transfers

Banking; Investment banking

Also: payment operations. Money debt payments. Payment transfers are said to be cashless when effected as accounting entries only, i.e. without transferring physical money.

Investors' account

Banking; Investment banking

Special savings product for the medium-term investment of savings at a relatively high interest rate and normally with limited withdrawal conditions. Cash machine and cheque withdrawals are generally ...

Black-out period

Banking; Investment banking

Period during which no brokers can issue research reports on the proposed listing enterprise.

Joint safekeeping account

Banking; Investment banking

An account held jointly at a bank by two or more people each of whom has sole power of disposal over the assets in the joint safekeeping account without the signature of the other.