Finance Process of determining whether a credit applicant meets the firm's standards.

A specific kind of counterparty agreement which allows the transfer of third party credit risk from one party to the other. One party in the swap is a lender and faces credit risk from a third party, and the counterparty in the credit default swap agrees to insure this risk in exchange of regular periodic payments (essentially an insurance premium). If the third party defaults, the party providing insurance will have to purchase from the insured party the defaulted asset. In turn, the insurer pays the insured the remaining interest on the debt, as well as the principal.

a credit card issued by a bank or credit-card company, which donates a small percentage of the money spent using the card to a specified charity

Finance A non-profitmaking cooperative that functions as a savings bank, taking deposits from savers and lending to house-buyers, etc.

Finance Line of bank credit that may be used or not used at the borrower's discretion. Interest is paid on the amount of credit actually in use, while a commitment fee is paid on the unused portion.

Finance Bank loan whose interest rate is periodically updated to reflect market interest rates.

Finance Bank loans made according to a time schedule.