Securities-Based Lending Definition

What Is Securities-Based Lending? The term securities-based lending (SBL) refers to the practice of making loans using securities as collateral. Securities-based lending provides ready access to capital that can be used for almost any purpose such as buying real estate, purchasing property like jewelry or a sports car, or investing in a business. The only restrictions to…

Top 10 bestselling stuff on the dark web, want a passport?

If for ordinary mortals the dark web represents a dark and evil place (which it can totally be in places) it is above all generally misunderstood and mysterious. However, this “internet in our internet” is used every day by thousands, even millions of people. Unsurprisingly, it is used, among other things, to sell more or…

BAX Contract

What is a BAX Contract? A BAX contract is a short-term investment instrument that tracks the nominal value of a Canadian bankers’ acceptance (BA). The specific BA behind the contract has a nominal value of C$1 million and a maturity of three months. They were first launched in 1988 by the Montreal Exchange and has since gained traction…

Combined Statement Definition

What is a Combined Statement? A combined statement includes information on a customer’s various retail banking accounts onto a single periodic statement. Banks and financial institutions offer combined statements for the convenience of the customer and cost efficiency of the bank. Businesses and individuals may request to receive combined statements. Key Takeaways The combined accounting…