Alternative Mortgage Instrument – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is an Alternative Mortgage Instrument?How does an Alternative Mortgage Instrument Work?Timeline of Alternative Mortgage InstrumentsIllustration of an Alternative Mortgage Instrument What is an Alternative Mortgage Instrument?An...

ABA Bank Index – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is an ABA Bank Index?How Does an ABA Bank Index Work?NASDAQ OMX ABA Community Index (ABQI)ABA NASDAQ Community Bank Total Return Index (XABQ)Functions of ABA Banking IndexABA Bank Index ImportanceABA Banking Index Benefits What is an ABA...

ABA Transit Number – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is an ABA Transit Number?How Does an ABA Transit Number Work? ABA Transit Number EligibilityHow is an ABA Transit Number Used? What is an ABA Transit Number?ABA Transit Number refers to a 9-digit code number assigned to financial...

Banker’s Blanket Bond – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is a Banker’s Blanket Bond?How Does a Banker’s Blanket Bond Work? What is a Banker’s Blanket Bond?Banker’s blanket bond (BBB) refers to a fidelity bond bought from an insurance broker which safeguards a bank from...

Benchmark Interest Rate – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is the Benchmark Interest Rate?How Does a Reference Rate Work? What is the Benchmark Interest Rate?A benchmark reference rate is an interest rate that determines other interest rates. There are different interest rate benchmarks used for...

Bankable Funds – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What are Bankable Funds?How are Bankable Funds Used? What are Bankable Funds?Bankable funds are payment methods that are taken or accepted at financial institutions. Retailers, as well as other organizations that accept payments directly from...