Tag: M

February 18, 2020

Bank Reserve

What is Bank Reserve? Loans are usually given after a corresponding or overly compensating value of the collateral has been signed in. In like terms, bank reserve refers to the bulk of curre...

February 18, 2020

Bancassurance

What is Bancassurance? DefinitionThis refers to the relationship between a bank and an insurance company permitting the insurance company to market and sell its insurance products to a bank�...

February 14, 2020

Bank

What is a Bank?     “…an establishment for custody of money, which it pays out on customer’s order.”Oxford DictionaryDefinitionA bank is the major financial institutio...

February 14, 2020

Bank Credit

What is a Bank Credit?Definition‘Bank Credit’ is a financial term used to refer to the amount of money a business or individual can borrow from a bank. It is also referred to as the money tha...

February 14, 2020

Bank Confirmation Letter (BCL)

What is a Bank Confirmation Letter (BCL)?DefinitionA bank confirmation letter is a letter that confirms an established loan or line of credit with a financial institution. It is a letter gotten f...