Specialists in a bank’s trust department provide a wide variety of customer services. They aid companies in managing their employee retirement programs, issuing securities, maintaining business records, and investing funds. Consumers also receive help in man aging their property and in building an estate for retirement. Men and women employed in bank trust departments usually posses a wide range of backgrounds in commercial and property law, real estate appraisal, securities investment strategies, financial statement analysis, and marketing.
More from this Section
- Financial risk
Financial Risk results from financial uncertainty.Financial risk encompases both the risk of possible insolvency and the added variability in earnings per share that is induced by the use of financial leverage.
- Aggregate demand function
Aggregate demand function is the relationship between aggregate output and aggregate demand that shows the quantity of aggregate output demanded for each level of aggregate output.
- Devaluation of currency
Devaluation of a currency refers to a drop in foreign exchange value of a currency that is pegged to gold or to another currency. In other words, the par value is reduced.
- Equity multiplier
Equity multiplier is the ratio of a bank’s total assets to its total assets to its total equity capital.
CKD— “Completely knocked down”— international trade term for components shipped into a country for assembly there. Often used in the automobile industry.
- Superregional banks
Superregional banks is the Bank holding companies similar in size to money center banks, but whose headquarters are not based in one of the money center cities (New York, Chicago, and San Francisco).
- FAS #8
FAS #8 is a regulation of the Financial Accounting Standards Board requiring U.S. companies to translate foreign affiliate financial statements by the temporal ...