A fee charged by a bank in respect of an unused balance of a line of credit or sanction of loan designed to offset the bank’s cost of keeping the funds available.
Interest payable (receivable) on interest.
A combination of unrelated firms; any combination that is not vertical or horizontal
Consumer Price Index (CPI)
An index that measure movements in the average price of products and services.
A bond that is convertible into common stock.
Bond or preferred stock which is convertible into equity shares generally at the option of the holder
Banking services for large firms.
A system by which organizations are directed and controlled. Board of directors are responsible for the governance of their organizations.
A tax on the profits of firms, as distinct from taxation of the incomes of their owners.
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305 Must-Know Terms
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