C&C

SAVINGS AND LOAN ASSOCIATION

it shall accepts deposits and grant loans

SOCIAL SECURITY SYSTEM

it affords protection to employees of private industry

CREDIT UNIONS

it extends credit to its members out of the funds

PAWNSHOPS

an institution that extends loans subject to the agreement of the parties

INDIVIDUAL MONEY LENDER

those who make the lending of money a profitable business

WORLD BANK

Philippine Government sought and obtain loans

REHABILITATION FINANCE CORPORATION

Republic Act No. 2081

DEVELOPMENT BANK OF THE PHILIPPINES

it aids in the establishment of provincial, and city private

INSURANCE

also deals with investment of the funds held by them in trust for their policy holders

GROCERY STORE

they are essentially food stores

SUPERMARKET

it offers to shoppers anything that they can buy under a single roof

RURAL BANK

another name for agricultural bank

FACTORING

purchase of account receivable outright without recourse to the seller for credit losses

RURAL ECONOMIC DEVELOPMENT

it provides adequate and timely credit support to the government programs

LINE OF CREDIT

an advance commitment by the bank to lend up to certain indicated maximum

COMMERCIAL BANKING CORPORATION

any corporation which accepts or create demand deposits subject to withdrawal by check

R.A. 5980

Financing Company Act

CREDIT

shall mean any loan, mortgage, deed of trust, advance, or discount, any conditional sales contract, etc.

14% , 12 MONTHS

In case of assignment of credit or the buying of installment papers

2%

In case of factoring accounts receivable, the discount rate that can be charged

FINANCING COMPANIES

corporation or partnership organized for the purpose of extending credit facilities

INVESTMENT HOUSES

also known as investment banks, are concerned chiefly with the transfer of capital

TWENTY MILLION

Investment house shall be organised on the form of stock corporation

UNDERWRITING

Through the _____ a role given solely to investment houses

BEST-EFFORT BASIS

On a ____ an investment sells corporate securities up to volume that is actually sold publicly.

FIRM BASIS

On a ____ the issuing company is assured that all shares it is offering will be bought

MONEY MARKET OPERATIONS

To enhance its funds revenues, investment house engages in __

15%

The total liabilities of any borrower may amount to a further ___ of the unimpaired capital

ONE YEAR , 30 DAYS

As a general practice, the bank requires all loans under the line of credit to be repaid within a period of and moreover, the borrower must be free of debt for at least

LOAN AGREEMENT

The ___ consists of a stipulation of the maximum amount that can be borrowed