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central bank

(Encyclopedia)central bank, financial institution designed to regulate and control the money supply of a nation, with the goal of fostering economic growth without inflation. Although central banking systems have v...

Jenkinson, Robert Banks

(Encyclopedia)Jenkinson, Robert Banks: see Liverpool, Robert Banks Jenkinson, 2d earl of. ...

Bank for International Settlements

(Encyclopedia)Bank for International Settlements (BIS), international financial institution est. (1930) in Basel, Switzerland, by bankers and diplomats from Europe, the United States, and Japan. It was originally s...

discount

(Encyclopedia)discount, in banking and investment, fee for lending money, which the banker deducts from the loan when it is given. Thus, with a $1,000 loan at a 6% discount, the borrower receives $940 and repays $1...

Saint Pierre and Miquelon

(Encyclopedia)Saint Pierre and Miquelon săN pyĕr, mēkəlôNˈ [key], French territorial collectivity (2015 est. pop. 6,000), 93 sq mi (241 sq km), consisting of nine small islands S of Newfoundland, Canada, in t...

banking

(Encyclopedia)banking, primarily the business of dealing in money and instruments of credit. Banks were traditionally differentiated from other financial institutions by their principal functions of accepting depos...

clearing

(Encyclopedia)clearing, in banking, the periodic settling of bankers' claims against each other, for which local banks establish clearinghouse associations. Clearinghouses are said to have existed in Florence by a....

Pawtucket

(Encyclopedia)Pawtucket pətəkˈət [key], city (1990 pop. 72,644), Providence co., NE R.I., on the Blackstone River at Pawtucket Falls; settled 1671, inc. 1885 after the eastern section (which was part of Massach...

Wall Street

(Encyclopedia)Wall Street, narrow street in the lower part of Manhattan island, New York City, extending E from Broadway to the East River. It is the center of one of the greatest financial districts in the world, ...

Antigua and Barbuda

(Encyclopedia) CE5 Antigua and Barbuda ăntēˈgə, –gwə, bärbo͞oˈdə, –byo͞oˈ– [key], independent Commonwealth nation (2020 est. pop. 97,928), 171 sq mi (442 sq km), We...
 

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