Midterm Flashcards
(32 cards)
It provides adequate and timely credit support to the government programs like agrarian reform, food production, and cooperative etc.
Rural banks or agricultural banks
Intended to finance the acquisition by the government of landed estates for division and resale to small land holders as well as the purchase of land holdings.
Landbank
Purchase of accounts receivables outright without requires to the sellers for credit losses
Factoring/Discounting
An advanced commitment by the bank to lend up to a certain indicated maximum
Line of credit
Any corporations which accepts or creates demand deposits subject to withdrawal by check
Commercial banks
Concerned mainly with transfer of capital from those that have more funds than the actually could use to those who need them utilization in long term projects or activities
Investment houses
Corporations or partnerships organized for the purpose of extending credit facilities to consumers and to the industrial, commercial, or agricultural enterprises.
Financing companies
Their appearance in the funds market indicates that the country is definitely on the march to progress
Investment houses or quasi banks
This is the role given solid to investment houses for the sale and distribution of government securities which are guaranteed
Underwriting
It offers the shoppers anything that they can buy under a single ro
Supermarket
It shall accept deposits from and grant loans to only to its member depositors
Savings and loans association
It affords protection to employees of private industry
Sss or social security system
It is designed to promote exchange stability and assist in the establishment of multilateral system of payments in respect to current transactions
International monetary fund
It extends credit only to its members out of the funds that have been accumulated by them through their contributions
Credit union
It aids the establishment of provincial and city private development banks
Development of the philippines
It also deals with the investment of funds held by them in trust for their policy holders
Insurance companies
They are essentially food stores
Groceries
Those who make the lending of money a profitable business
Individual money lenders
An institution that extend loan subject to the agreement of the parties
Pawnshops
Sometimes known as business chat
Personal check
These checks are not sufficiently covered with funds
Bouncing check
These are orders to paid drawn against the drawee to pay a third person as a certain in money on demand at a future determinable time
Drafts
Long term promissory notes issued under a corporate seal in large sum and in series
Bonds
This instrument evidences part ownership of a corporation’s capital
Stock certificate
