A construction loan is a short-term real estate loan utilized to finance building costs. Funds are disbursed as needed or according to a prearranged plan, repaid upon project completion, often from a mortgage loan. These loans typically come with higher interest rates and origination fees.
Current liabilities are debts or obligations that a company expects to pay off within one year as part of normal business operations. Examples include accounts payable, short-term loans, and the current portion of long-term loans.
A form of Euro-commercial paper consisting of short-term negotiable bearer notes, typically issued in dollars or euros. Euronote facilities are set up by syndicates of banks who underwrite these notes.
The interbank market is a global network of financial institutions engaged in lending and borrowing activities, primarily focused on short-term loans and foreign exchange transactions.
The interbank rate is the interest rate that banks charge one another for short-term loans, enabling them to manage liquidity and meet regulatory requirements.
LIBOR, an acronym for the London Inter Bank Offered Rate, is a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans.
The money market is a wholesale financial market dedicated to short-term borrowing and lending with instruments like Treasury bills, trade bills, and bills of exchange, traditionally concentrated in areas like Lombard Street in London.
