Bank-PO (IBPS) General-Awareness Banking and Finance Revision (Page 16 of 40)

Earning Yield

The ratio of earning per share to market price of the share.

Effective rate of interest

The percentage rate of return on an annual basis, reflecting the effect of intra-year compounding.


A person who conceives, starts and manages a business.

Equitable mortgage

A type of mortgage under which one still owns the property which is security for the mortgage. The owner can occupy or live in the property.


The value of a business after all debts and other claims are settled. Also, the amount of cash a business owner invests in a business and/or the difference between the price for which a property could be sold and the total debts registered against it.

Escrow Account

An account for which a bank acts as an uninterested third party (custodian/depository) to ensure compliance with the terms of the deal between two parties only upon the fulfillment of some stated conditions. The account becomes operative on the occurrence of the stated event. Banks hold such accounts in which funds accumulate to pay taxes, insurance on mortgage property, etc.

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