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Tooltip Tags: banking

early repayment charges

Clause often included into a loan contract to compensate the early redemption because the prepayment reduces the upside of credit and the interest rate. (source:

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early repayment penalty

Clause often included into a loan contract to compensate the early redemption because the prepayment reduces the upside of credit and the interest rate. (source:

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Development Bank of Latin America

Based in Caracas, Venezuela is a development bank established in 1970 that currently consists of eighteen countries in Latin America, the Caribbean and Europe, as

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direct debit order

A mandate that gives a company permission to take funds from an account in an agreed way. It normally confirms who is receiving the payment,

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direct debit reimbursement

When an error is made by an originator (or biller), the customers are guaranteed a full and immediate refund from the Bank of the amount

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development bank

Financial institutions dedicated to fund new and upcoming businesses and economic development projects by providing equity capital and/or loan capital. (source: http://www.businessdictionary.com/definition/development-bank.html)

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deposit account contract

Agreement which contains terms and conditions that apply to a deposit account such us a savings account, current account, or other type of bank account,

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deposit guarantee fund

The main purpose of a deposit guarantee fund is to protect bank customers. The fund protects the deposits of customers in the event that an

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