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Ever wondered what phrases like ‘underwater mortgage’, ‘money mules’, ‘peer to peer lending’, ‘virtual key pad’, ‘bit coins’ and many more such unique terms imply? This book attempts to add to the understanding of these words by giving their source of origin and evolution. It decodes and demystifies financial terminology which is genuinely complex and difficult to comprehend. Financial words and phrases are increasing by the day at the same pace at which developments in the financial world are taking place. Akin to the emergence of innovative financial transactions and mechanisms, there has been a glut of terms coined by financial practitioners and analysts whose meaning is not readily understood.
Financial Terms Simplified covers terminology from the world of Banking, Insurance, Capital Markets and Finance. The terms have been culled from a range of literature with the emphasis being on presenting innovative terms in common usage.
This book can be a useful dictionary for academics, students and finance professionals. Libraries of educational institutions, chambers of commerce and bank training colleges too will find this lexicon a handy reference.