Through a program of cost cutting and the sale of non-financial assets, the bank has recovered from near-collapse.
Financial and business terms. 2012.
financial asset — UK US noun [C, usually plural] ACCOUNTING, FINANCE ► an asset such as money, shares, bonds, etc. rather than a physical asset such as property or machinery: »In accounting, the three basic categories of financial assets are cash, marketable… … Financial and business terms
Non Performing Asset — means an asset or account of borrower, which has been classified by a bank or financial institution as sub standard, doubtful or loss asset, in accordance with the directions or guidelines relating to asset classification issued by The Reserve… … Wikipedia
Non-Performing Asset - NPA — A classification used by financial institutions that refer to loans that are in jeopardy of default. Once the borrower has failed to make interest or principal payments for 90 days the loan is considered to be a non performing asset. Also known… … Investment dictionary
Financial Asset Securitization Investment Trust - FASIT — A financing tool that allows for the securitization of non mortgage assets and usually involves debt obligations with short maturities such as credit card receivables, home equity loans and car loans. Financial Asset Securitization Investment… … Investment dictionary
Non-Operating Asset — Classes of assets that are not essential to the ongoing operations of a business, but may still generate income or provide a return on investment. These assets will be listed on the balance sheet along with operating assets, and may or may not be … Investment dictionary
Asset management — Asset management, broadly defined, refers to any system whereby things that are of value to an entity or group are monitored and maintained. It may apply to both tangible assets and to intangible concepts such as intellectual property and… … Wikipedia
Financial modeling — is the task of building an abstract representation (a model) of a financial decision making situation.[1] This is a mathematical model designed to represent (a simplified version of) the performance of a financial asset or a portfolio, of a… … Wikipedia
Asset management (disambiguation) — Asset Management can refer to: *Financial Asset Management: **Investment management the sector of the financial services industry that manages collective investment schemes. **Global assets under management **List of asset management firms… … Wikipedia
Financial services — refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance… … Wikipedia
Financial institution — In financial economics, a financial institution acts as an agent that provides financial services for its clients or members. Financial institutions generally fall under financial regulation from a government authority. Common types of financial… … Wikipedia
