Matching
Match the following with the items below:
Premises:
An extension of credit generally for a time period of from one to seven years.
The practice of using accounts receivable from sales of computers and automobiles, for example, to collateralize an offering of securities in the secondary market.
A legal entity in which one key bank owns a number of affiliate banks as well as other nonbank subsidiaries engaged in related activities.
The interest level charged to a U.S. bank's most creditworthy customers.
A benchmark interest rate set in Europe that is competitive with the U.S. prime rate.
Bank loans that are usually paid off as the inventory is sold and cash is collected.
Arise through the normal course of business from various points within the firm.
An unsecured promissory note issued by a large corporation to investors.
A measure of the effective rate of a loan.
A measure of the relationship between accounts receivable and accounts payable for the firm.
A loan from a foreign bank denominated in U.S. dollars.
A bank requirement that business customers maintain a minimum level of cash in their account.
Use a series of equal payments to retire a loan.
A reduction in the amount payable by the customer if a payment is made within a specified time.
Responses:
self-liquidating loan
term loan
bank holding company
spontaneous sources of funds
commercial paper
net trade credit
asset-backed public offering
compensating balances
prime rate
installment loan
cash discount
LIBOR
Eurodollar loan
annual percentage rate (APR)
Correct Answer:
Premises:
Responses:
An extension of credit generally for a time period of from one to seven years.
The practice of using accounts receivable from sales of computers and automobiles, for example, to collateralize an offering of securities in the secondary market.
A legal entity in which one key bank owns a number of affiliate banks as well as other nonbank subsidiaries engaged in related activities.
The interest level charged to a U.S. bank's most creditworthy customers.
A benchmark interest rate set in Europe that is competitive with the U.S. prime rate.
Bank loans that are usually paid off as the inventory is sold and cash is collected.
Arise through the normal course of business from various points within the firm.
An unsecured promissory note issued by a large corporation to investors.
A measure of the effective rate of a loan.
A measure of the relationship between accounts receivable and accounts payable for the firm.
A loan from a foreign bank denominated in U.S. dollars.
A bank requirement that business customers maintain a minimum level of cash in their account.
Use a series of equal payments to retire a loan.
A reduction in the amount payable by the customer if a payment is made within a specified time.
Premises:
An extension of credit generally for a time period of from one to seven years.
The practice of using accounts receivable from sales of computers and automobiles, for example, to collateralize an offering of securities in the secondary market.
A legal entity in which one key bank owns a number of affiliate banks as well as other nonbank subsidiaries engaged in related activities.
The interest level charged to a U.S. bank's most creditworthy customers.
A benchmark interest rate set in Europe that is competitive with the U.S. prime rate.
Bank loans that are usually paid off as the inventory is sold and cash is collected.
Arise through the normal course of business from various points within the firm.
An unsecured promissory note issued by a large corporation to investors.
A measure of the effective rate of a loan.
A measure of the relationship between accounts receivable and accounts payable for the firm.
A loan from a foreign bank denominated in U.S. dollars.
A bank requirement that business customers maintain a minimum level of cash in their account.
Use a series of equal payments to retire a loan.
A reduction in the amount payable by the customer if a payment is made within a specified time.
Responses:
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