fiscal
fiscal (fis-k[schwa]l), adj. 1. Of or relating to financial matters (fiscal year). 2. Of or relating to public finances or taxation (the city’s sound fiscal policy).
Search Results for: FINANCE
local improvement
A real-property improvement, such as a sewer or sidewalk, financed by special assessment, and specially benefiting adjacent property. [Cases: Municipal Corporations 265. C.J.S. Municipal Corporations § 958.]
banker’s acceptance
A bill of exchange drawn on and accepted by a commercial bank. • Banker’s acceptances are often issued to finance the sale of goods in international trade. — Abbr. BA. — Also termed bank acceptance. [Cases: Banks and Banking 189; Bills and Notes 151. C.J.S. Banks and Banking §§ 452–458; Bills and Notes; Letters of
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small loan act
small-loan act. A state law fixing the maximum legal rate of interest and other terms on small, short-term loans by banks and finance companies. [Cases: Banks and Banking 181; Consumer Credit 3; Usury 42. C.J.S. Banks and Banking §§ 470, 680–681; Interest and Usury; Consumer Credit§§ 135–141, 143, 146, 152, 157, 280–293, 306.]
consumer credit protection act
Consumer Credit Protection Act. A federal statute that safeguards consumers in the use of credit by (1) requiring full disclosure of the terms of loan agreements, including finance charges, (2) restricting the garnishment of wages, and (3) regulating the use of credit cards. 15 USCA §§ 1601–1693. • Many states have also adopted consum-er-credit-protection acts.
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export import bank of the united states
Export-Import Bank of the United States. A federally chartered bank that finances the export of goods and services by direct lending or by issuing guarantees and insurance so that private banks can extend credit. • The bank was organized by Executive Order 6581 of 2 Feb. 1934. It became independent in 1945.12 USCA §§ 635
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financing agency
A bank, finance company, or other entity that in the ordinary course of business (1) makes advances against goods or documents of title, or (2) by arrangement with either the seller or the buyer intervenes to make or collect payment due or claimed under a contract for sale, as by purchasing or paying the seller’s
actuarial method
actuarial method. A means of determining the amount of interest on a loan by using the loan’s annual percentage rate to separately calculate the finance charge for each payment period, after crediting each payment, which is credited first to interest and then to principal. [Cases: Interest 59. C.J.S. Interest and Usury; Consumer Credit § 74.]
financial planner
financial planner. A person whose business is advising clients about personal finances and investments. • Upon completing a certification program, such a person is called a certified financial planner. — Abbr. CFP.
divisional security
A special type of security issued to finance a particular project.
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