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comp. test 5


undefined, object
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a loan made on a borrower's signature, requiring no collateral
unsecured loan
the inability to pay one's debts as they mature
a written promise to pay a stated sum of money at the end of a specified period of time to a named party
promissory note
an asset which has no substance or physical body such as patent rights
intangible asset
a collective term for amounts invested in capoital, fixed assets, or long-term securities as contrasted with funds invested in current assets
capital investments
the difference between the market value of collateral pledge to secure a loan and the face value of the loan
a check, draft, ect., which is written promise to pay a stated sum of money, signed by the maker and payable on demand to the owner.
negotiable instrument
indebtedness, usually in long-term obligations, which is unsecured
the lowest interest rate on business loans, available only to a bank's largest customers
prime rate
interest paid both on money borrowed and on interest initially added to it
compound interest
the rate of return on the best investment available as an alternative to the use to which the capital involved was actually put
opportunity cost
a system which enables a bank to make a depositor's payments without the use of personal checks
electronic funds transfer (EFT)
an individual or association to whom property is given to hold in trust
the excess of current assets over current liabilities, representing the capital immediately available for continued operations of a business
working capital
a written agreement setting up the allocation of funds or securities by a giver to a third party for the eventual benefit of a second party
a gift of personal property made by a decedent in a will
to discharge or pay off an indebtedness; also to convert assets into cash
the amount of funds in the process of collectionas represented by checks in possession of one bank but drawn on other banks
stocks, bonds, and other marketable properties which a borrower pledges as security for a loan
a check drawn by a bank on funds deposited to its account in another bank
bank draft
a legal withdrawal of the right of a mortgager to redeem his or her own property
to mortgage, to pledge stock, etc., as security for a loan
an unattended banking station that pays cash from, or recieves deposits into, an account upon use by the account holder of a bank-issued card.
automated teller (ATM)
The gradual reduction of a debt by means of equal periodic payments to meet current interest and principal
a final loan payment which is larger than the preceding regular payments
balloon payment

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