A short term transfer of Funds from a financial institution or bank to an individual or firm made early in the Business Day for the purpose of purchasing securities that day. Securities paid for with the funds constitute the security for the loan and all funds must be repaid by the end of the business day. also called a morning loan.
Browse by Subjects
Euro OverNight Index Average (EONIA)
See All Related Terms »
incidence of tax
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):