key words: bank, financial institution, financial activity, credit, loan, financial bailout, real estate bubble, market collapse
See the article, Banking and Evolving Role of Banks
bank: noun. An establishment for keeping safe the money of the public, private persons or businesses; for issuing loan or exchanging money for the extension of credit and facilitating the transmission of funds
check: noun. A document issued to an individual or business by a financial institution to withdraw against his/her financial assets held by the financial institution
government license: compound noun. A document certifying ownership
financial institution: compound noun. An institution which collects monetary funds from the public and then places them in financial goods, such as CD's, loans, bonds rather than in a physical property.
commercial activity: compound noun. An activity that results in economic gain for the owner of the activity. Examples: business activities, selling, buying, lending, borrowing.
non-commercial activity: compound noun. An activity a consumer engages in for consumption; an activity that does not result in economic gain. Examples: buying a car, renting an apartment, buying a property for pleasure, buying clothes for consumption.
credit: noun. Money available for a consumer or business to borrow
creditor: noun. A business or individual who lends money to a consumer or business
financial activity: compound noun. An activity involving financial assets such as lending funds, borrowing funds, buying or selling goods and services for profit or consumption
financial transaction: compound noun. A formalized procedure by a financial institution for businesses or consumers to carry out in order to complete a financial activity. Examples: purchasing stocks, depositing funds to a bank, transferring money from one financial institution to the other or in between accounts in a financial institution.
financial service: compound noun. A service provided by a financial institution. An example: providing loans to a consumer
loan: noun. Money lended to a person or business, usually for an interest payment when returned.
brokerage service: compound noun. A business, firm, or company who acts as a broker in that provides financial services in return for a commission paid to the broker.
security: noun. 1. Something of value provided, deposited or promised to make certain the fulfillment of an obligation; 2. An instrument of investment in the form of a document such as CD (Certificate of Deposit).
stake: noun. A financial interest in this context
financial bailout: compound noun. A bailout is an act of loaning or giving capital to a failing company in order to save it from bankruptcy, insolvency or total liquidation and ruin.
real estate bubble: An overly active market in the real estate industry that leads to high consumer demand for real estate property and, in turn, artificial increases in property loans and interest hikes to borrowers, and with an evitable market collapse at the end of the bubble. For example, in the last decade the US has experienced an unprecedented real estate bubble and, as a consequence, in 2009 it brought about the financial collapse of the real-estate market and financial industry in the US, effecting over all economic crisis of the world since then.
market collapse: compound noun. After an overly active economic activity (a bubble in a market), if demand an supply break lose their control over an expected ratio of balance, markets collapse leading to an economic chaos both for suppliers and consumers. An example: The US financial markets have collapsed recently due to the overheated economic activity by consumers and financial assets suppliers (Wall Street). The 2009 real estate bubble and collapse in the United States.
financial corporation: compound noun. Corporations in the business of providing financial assets, such as bonds, CD's stocks, mutual funds.
CD: compound noun. Acronym for the Certificate of Deposit. A money-market bond of a predetermined value paying fixed interest, and fully payable without penalty only on maturity
bond: noun. 1. The amount of money guaranteed to a person who lends money for financial gains 2. An insurance agreement promising safety from financial loss
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