RSL or rate sensitive liabilities are those liabilities (any short term deposits that a bank pays a variable interest rate to the customer) whose value (Present value/PV or Future Value/FV) changes with the change in market interest rate.
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- Fidelity bond
Fidelity bond is an insurance policy that reimburses an employer for financial loss resulting from employee dishonesty.
- Treasury Bills
A treasury bill is a short-term (usually less than one year ,typically three months) borrowing instrument issued and controlled by the Govt.
- Intracompany trade
A reason why a weak currency will not always improve a country’s balance of trade is that importers and exporters that are under the same ownership have unique relationships. Many firms purchase products that are produced by their subsidiaries in what is referred to as intracompany trade.
- Paul v. Virginia
Paul v. Virginia refers landmark legal decision of 1869 establishing the right of the states, and not the federal government, to regulate
- Asset-based loans
Asset-based loans is the loans which secured by a business firm’s assets, particularly accounts receivable and inventory.
Barter means the direct exchange of goods and/or services for other goods and/or services without the use of money and without the involvement of a third party.
- Uniform Commercial Code (UCC)
Uniform Commercial Code (UCC) is a comprehensive body of business law that encompasses various kinds of transactions.