The chance that something unfavorable could happen to a person or property.
Insurance
Provides protection from certain risks that can cause a financial loss.
beneficiary
A person who receives the financial protection from the insurance policy.
trustee
The person or institution that controls the financial assets for the customer.
trust
Defines the customer's assets and how those assets should be handled.
estate
The property and possessions of an individual.
estate planning
Preparing for the transfer of assets after a client's death.
Probate Laws
Laws that pertain to wills and the distribution of assets after a person's death.
Treasury & cash management services
Services offered to business customers including accounting services, capital services, collections services, credit card services and information services.
pension funds
Plans that provide retirement income for the employees of a business.
Trading
When a broker buys and/or sells securities for a customer.
Underwriting
Occurs when an investment bank buys a new stock directly from a company and then sells it to the public at a profit.
underwriting spread
The difference between the price paid by the investment bank and the price sold to the public.
merger
Takes place when two companies agree to combine.
Acquisition
Happens when one company buys another company, setting itself up as the new owner.
Business of Banking 3.2
Femino, Sheryl
Created on October 17, 2025
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Transcript
business of banking financial terms3.2
START
risk
The chance that something unfavorable could happen to a person or property.
Insurance
Provides protection from certain risks that can cause a financial loss.
beneficiary
A person who receives the financial protection from the insurance policy.
trustee
The person or institution that controls the financial assets for the customer.
trust
Defines the customer's assets and how those assets should be handled.
estate
The property and possessions of an individual.
estate planning
Preparing for the transfer of assets after a client's death.
Probate Laws
Laws that pertain to wills and the distribution of assets after a person's death.
Treasury & cash management services
Services offered to business customers including accounting services, capital services, collections services, credit card services and information services.
pension funds
Plans that provide retirement income for the employees of a business.
Trading
When a broker buys and/or sells securities for a customer.
Underwriting
Occurs when an investment bank buys a new stock directly from a company and then sells it to the public at a profit.
underwriting spread
The difference between the price paid by the investment bank and the price sold to the public.
merger
Takes place when two companies agree to combine.
Acquisition
Happens when one company buys another company, setting itself up as the new owner.