Investment Bank

Business / Finance / Investment Bank: Financial intermediaries who perform a variety of services, including aiding in the sale of securities, facilitating mergers and other corporate reorganizations, acting as brokers to both individual and institutional clients, and trading for their own accounts. See: Underwriters.

Mutual Savings Bank

Business / Finance / Mutual Savings Bank: A state-chartered savings bank that is owned by its depositors and managed by a fiduciary board of trustees. MORE

Municipal Investment Trust (MIT)

Business / Finance / Municipal Investment Trust (MIT): A unit investment trust that buys municipal bonds and usually holds them until maturity, passing the bond income on to shareholders, usually tax-free. MORE

Mutually Exclusive Investment Decisions

Business / Finance / Mutually Exclusive Investment Decisions: Investment decisions in which the acceptance of a project precludes the acceptance of one or more alternative projects. MORE

National Bank

Business / Finance / National Bank: A commercial bank approved by the U.S. Comptroller of the Currency, which is required to be a member of and purchase stocks in the Federal Reserve System. MORE

National Bank Act Of 1863

Business / Real Estate / National Bank Act Of 1863: In 1863, President Abraham Lincoln, at the urging of Salmon Chase, the Secretary of the Treasury, signed the National Bank Act. The Act established a national banking system and a uniform national cur MORE

Moscow Interbank Currency Exchange (MICEX)

Business / Finance / Moscow Interbank Currency Exchange (MICEX): Established in 1992, the most liquid and best organized financial exchange in Russia. MORE

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