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Cease-and-desist order

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An order issued after notice and opportunity for hearing, requiring a depository institution, a holding company or a depository institution official to terminate unlawful, unsafe or unsound banking practices. Cease-and-desist […]

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Central bank

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The principal monetary authority of a nation, which performs several key functions, including issuing currency and regulating the supply of credit in the economy. The Federal Reserve is the central […]

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Central bank intervention

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The buying or selling of currency, foreign or domestic, by central banks in order to influence market conditions or exchange rate movements.

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Centralized

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To bring under a single, central authority.

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Certificate of Deposit (CD)

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A form of time deposit at a bank or savings institution; a time deposit cannot be withdrawn before a specified maturity date without being subject to an interest penalty for […]

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Certified check

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A check for which a bank guarantees payment. When the check is certified, it legally becomes an obligation of the banks, and the funds to cover it are immediately from […]

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Chapter 13

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Adjustments of debts of an individual with regular income under the Federal Bankruptcy Code. Chapter 13 enables a debtor who is an individual to develop and perform a plan for […]

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Chapter 7

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A provision of bankruptcy laws wherein a company is required to liquidate its assets to pay of its creditors. See Bankruptcy.

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Character

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A borrower’s trustworthiness.

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Check

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A written order to a bank to pay the amount specified from funds on deposit.

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