10. The Structure of the Modern Banking Systems

1. to deal in money

2. money substitute

3. financial service

4. to accept deposits

5. to make loans

6. to charge interest rates

7. to create money

8. commercial banking

9. central banking

10. bill of exchange

11. bank's own capital

12. to extend credit

13. to invest in securities

14. cash balance

15. to pay upon demand

16. to become due

17. assets

18. liabilities

19. lender of last resort

20. monetary and credit policy

21. finance company

22. savings bank

23. investment bank

24. trust company

25. to perform the banking functions

26. financial intermediary

27. capital assets

28. capital account

29. reserve account

30. balance sheet

31. subordinated debt

32. to be repayable on demand

33. sight deposit

34. current account

35. time/term/fixed deposit

36. savings deposit

37. liquid assets

38. advance

39. term loan

40. mortgage loan

41. fluctuations in output and employment

42. unit banking

43. branch banking

1. insurance

2. risk management

3. to hedge against the risk

4. contingent loss

5. premium

6. insurer

7. to sell insurance

8. insurance rate

9. insurance coverage

10. to appraise and control risk

11. insurable risk

12. homogeneous exposure units

13. insurance policy

14. law of large numbers

15. commercial property

16. to be insurable

17. insured (person)

18. occupational disease

19. prolonged exposure to injurious conditions

20. insurance claim

21. insurance beneficiary

22. cost of issuing and administering the policy

23. to adjust losses

24. to pay claims

25. insured event

26. probability of loss

27. attendant cost

28. claim presented under the policy

29. policyholder

30. to issue/underwrite policy

31. underwriter

32. reinsurer

33. total exposed value

34. to syndicate the risk

reinsurance market

1. the listing

2. listed securities

3. security trading

4. clearing stock

5. new-issues market

6. SEC exempt

7. conform to the rules

8. dealer

9. allied member

10. commission broker

11. stock exchange committee

12. jobber

13. auction market

14. market order

15. mutual funds

16. consummated

17. buy order

18. not subject to

19. operating rules

20. broker

21. ex officio

22. quasi

23. intercession

24. member firm

25. specialist

26. two-dollar broker

27. registered trader

28. block positioning

29. competitive bidding

30. trading session

31. receiving clerk

32. floor/selling broker

33. matched order

34. underwriting

35. off floor