Friday, May 4, 2012

Finance Glossary


Agio: The percentage charged by a bank for exchanging one form of currency or money, into another that is more valuable.

Arbitrator: An independent person or body officially appointed to settle a dispute.

Back-End Load: A fee or commission paid by an individual when they sell their shares in an investment fund.

Back-To-Back Loan: A loan in which two companies in separate countries borrow each other's money at the same time for a specific period at an agreed upon interest rate.