Glossary

Correspondent Banking

A relationship entered into between a small bank and a big bank in which the big bank provides a number of deposit, lending, and other services.

Related Terms

  • Safe Harbor

    Under SEC rules, safe-harbor provisions protect management from liability for making financial projections and forecasts made in good faith.

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  • Financial Institution

    Any public or private bank, credit union, or savings and loan, subject to national and state banking laws, and capable of both accepting deposits and making loans. These institutions collect funds from the public or...

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