A savings deposit made for a fixed or specified minimum term which is usually subject to a penalty suc has a loss of interest for early withdrawal. This is also called a certificate of deposit (CD)

An institution in which mutual claims and accounts are settled such as a reciprical exchange of checks and drafts between banks.

The chief U.S. regulator of banks that are national in scope. The president of the United States appoints the Comptroler of the Currenchy for a five year term, with Senate confirmation.

The initial funding needed to charter a bank. This actsas a cushion aginst operating losses and as protection for depositor's money.

The total of demand deposits (checking accounts ) negociable order of withdrawal (NOW) accounts, and consumer time deposits (savings certificates and regular passbook savings accounts).

The flow of funds out of one class of financial intermediary into another financial market instrument.

A contract for a specified time period betewwn two parties that agree to exchnge payments. One Partymakes payments based on a fixed interest rate , the other makes payments based on a floating rate.

A lender that originates mortgages for resale to investors , as opposed to a portfolio lender.

A firm or individual that brings a borrower and a lender together and receives a commission if a loan is transacted.

A rental property with more than four units.

A lender that retains the loans it originates as opposed to a mortgage bank.

A depository instituion that accepts custoemr deposits and invests its assets in commercial or residential mortgages and high grade securities. Most of these types of financial institutions are located in the Northeast of the United States.

The collection of payments and the management of operational procedures related to a mortgage.