menu-search
LEXISNEXIS_ICON4_SIGNINSign-in LEXISNEXIS_ICONS_SUPPORTHelp

Banking & Finance glossary

View Banking & Finance by content type:

News
Practice notes
Precedents
Q&As

Latest Banking & Finance News

ECB seeks to assure data protection board over digital euro

ECB seeks to assure data protection board over digital euro

The following Banking & Finance news provides comprehensive and up to date legal information on ECB seeks to assure data protection board over digital euro

Questions around the proposed arbitration process for coronavirus rent arrears

Questions around the proposed arbitration process for coronavirus rent arrears

The following Banking & Finance news provides comprehensive and up to date legal information on Questions around the proposed arbitration process for coronavirus rent arrears

Banking and Finance weekly highlights—22 July 2021

Banking and Finance weekly highlights—22 July 2021

The following Banking & Finance news provides comprehensive and up to date legal information on Banking and Finance weekly highlights—22 July 2021

Legislation Day: Draft Finance Bill 2022—Tax analysis

Legislation Day: Draft Finance Bill 2022—Tax analysis

The following Tax news provides comprehensive and up to date legal information on Legislation Day: Draft Finance Bill 2022—Tax analysis

Featured Banking & Finance content

Negative pledges

Negative pledges

Negative pledgesThis Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative...

Bills of exchange—structure and parties

Bills of exchange—structure and parties

Bills of exchange—structure and partiesBills of exchange are negotiable instruments that represent an unconditional promise by one party to pay...

Types of debt securities

Types of debt securities

Types of debt securitiesIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into...

Subordination

Subordination

SubordinationSubordination is a way of changing the priority of claims against a debtor so that one creditor or group of creditors (the junior...

Practice notes

Acquisition finance—ancillary facilities

Acquisition finance—ancillary facilities On an acquisition finance transaction, the borrowing group, in addition to the debt (whether loans or bonds)...
Read More >
19th May
Q&As

A legal charge over property was registered at Companies House. Form MR01 did not say that there was a negative pledge, when there was actually a negative pledge in the document. Form MR01 with the mistake was approved and added to the register at Companies House. The charge was registered correctly with the Land Registry. Does the Companies House error need to be corrected by court order or is the charge enforceable with the error?

A legal charge over property was registered at Companies House. Form MR01 did not say that there was a negative pledge, when there was actually a...
Read More >
19th May
Practice notes

Term Loan B facilities

Term Loan B facilitiesThis Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in...
Read More >
Produced in partnership with Carlo de Vito Piscicelli of Cleary Gottlieb Steen & Hamilton 19th May
Practice notes

What is securitisation?

What is securitisation?Securitisation is a financing techniqueSecuritisation is a technique used to finance the ownership or sale of types of assets...
Read More >
19th May
Practice notes

Exchange traded derivatives

Exchange traded derivativesIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into...
Read More >
19th May
Practice notes

OTC and exchange traded derivatives—key features and concepts

OTC and exchange traded derivatives—key features and conceptsIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...
Read More >
19th May
Practice notes

Perfecting security over aircraft and registering security on the UK Register of Aircraft Mortgages

Perfecting security over aircraft and registering security on the UK Register of Aircraft MortgagesIP COMPLETION DAY: 11pm (GMT) on 31 December 2020...
Read More >
19th May
Precedents

Reservation of rights letter: breach of bilateral facility agreement

[To be printed on the headed paper of the lender][insert date]To:[insert name and address of borrower]Dear [insert full name of borrower]1We refer to...
Read More >
19th May
Practice notes

Increased costs

Increased costsThis Practice Note considers the costs that a lender will incur when providing funding to a borrower and the steps that it will take...
Read More >
19th May
Practice notes

Derivatives—ISDA documentation framework

Derivatives—ISDA documentation frameworkThe International Swaps and Derivatives Association, Inc. (ISDA) is an association for participants in the...
Read More >
19th May
Precedents

Guarantee and indemnity: cross guarantee from group companies—bilateral—all monies

This Deed of guarantee and indemnity is made on [insert day and month] 20[insert year]Parties1[Insert name of Guarantor], a company incorporated in...
Read More >
19th May
Precedents

Facility letter (term loan): single company borrower—bilateral—unsecured

[TO BE PRINTED ON THE HEADED PAPER OF THE LENDER][insert name and address of borrower][insert date]Dear [insert full name of borrower]We offer to...
Read More >
19th May
Practice notes

What is credit support and how is it used in the ISDA credit support documentation?

What is credit support and how is it used in the ISDA credit support documentation?What is credit support?Credit support is a means of a party...
Read More >
19th May
Precedents

Director’s certificate for a bilateral loan: borrower

[insert date]To:[insert full name and address of lender]Dear [insert full name of lender]I am a director of [insert full name of borrower] (the...
Read More >
19th May
Practice notes

Overdrafts, term loans and revolving credit facilities

Overdrafts, term loans and revolving credit facilitiesThis Practice Note explains the features of three common types of loan facility:•overdrafts•term...
Read More >
19th May
tag iconIn-house
Practice notes

Direct agreements in project finance transactions

Direct agreements in project finance transactionsWhat is a direct agreement?Direct agreements are very common in project finance transactions. A...
Read More >
19th May
tag iconSustainable Business Toolkit

Most recent Banking & Finance glossary content

Practice notes

Banking & Finance Glossary—F

Banking & Finance Glossary—FFace valueThe nominal value of a security rather than its market valueFacility agentThe financial institution that acts as...
Read More >
10th Jun
Practice notes

Banking & Finance Glossary—R

Banking & Finance Glossary—RRatingThe assessment given to debt obligations and/or to borrowers by debt rating agencies based on their ability to repay...
Read More >
10th Jun
Practice notes

Banking & Finance Glossary—L

Banking & Finance Glossary—LLag mechanismThis is a mechanism for calculating compounded SONIA for use in bond or loan markets. It is intended to...
Read More >
10th Jun
Practice notes

Banking & Finance Glossary—G

Banking & Finance Glossary—GGearingA term which indicates the debt to equity ratio of a companyGiltsSecurities issued by the British governmentGrace...
Read More >
10th Jun
Practice notes

Banking & Finance Glossary—C

Banking & Finance Glossary—CCapitalisation of interestWhere interest is added to the principal amount of a loan to be paid at the same time as the...
Read More >
10th Jun
Practice notes

Banking & Finance Glossary—Q

Banking & Finance Glossary—QQuasi-equityEquity that is invested in the form of subordinated loan...
Read More >
10th Jun
Practice notes

Banking & Finance Glossary—Y

Banking & Finance Glossary—YYank the bankA provision in a facility agreement enabling the borrower to replace a lender if it fails to agree to a...
Read More >
10th Jun
Practice notes

Banking & Finance Glossary—N

Banking & Finance Glossary—NNaked credit default swapA credit default swap which is purely speculative and on which neither party owns the reference...
Read More >
10th Jun
Practice notes

Banking & Finance Glossary—M

Banking & Finance Glossary—MMaintenance covenantType of covenant which is tested on a regular basis; contrasts with an incurrence covenant where...
Read More >
10th Jun
Practice notes

Banking & Finance Glossary—B

Banking & Finance Glossary—BBack officeAdministrative departments in a bank which are involved in activities such as settlement and accountsBack to...
Read More >
10th Jun
Practice notes

Banking & Finance Glossary—P

Banking & Finance Glossary—PParThe face value of a security at which it will be redeemed by the borrower at maturityPari passuLiterally means on an...
Read More >
10th Jun
Practice notes

Banking & Finance Glossary—U

Banking & Finance Glossary—UUCITsUCITS stands for ‘undertakings for collective investment in transferable securities’. The regulatory regime for UCITS...
Read More >
10th Jun
Practice notes

Banking & Finance Glossary—A

Banking & Finance Glossary—AACTAssociation of Corporate Treasurers.ACT websiteAdministrationAdministration is a procedure under the Insolvency Act...
Read More >
10th Jun
Practice notes

Banking & Finance Glossary—S

Banking & Finance Glossary—SSale and leasebackA transaction where the seller sells real property to the purchaser who then leases it back to the...
Read More >
10th Jun
Practice notes

Banking & Finance Glossary—K

Banking & Finance Glossary—KKey personOne or more persons designated by lenders/investors as key to a business. Contractual...
Read More >
10th Jun
Practice notes

Banking & Finance Glossary—Z

Banking & Finance Glossary—ZZero coupon bond/noteA...
Read More >
10th Jun
Practice notes

Banking & Finance Glossary—T

Banking & Finance Glossary—TTangible assetsAssets with physical substance, eg land, cash or propertyTargetA company or business that is the subject of...
Read More >
10th Jun
Practice notes

Banking & Finance Glossary—I

Banking & Finance Glossary—IIBAThis refers to ICE Benchmarks Administration Ltd, the administrator of LIBORIBOR‘IBORs’ are benchmarks based on...
Read More >
10th Jun
Practice notes

Banking & Finance Glossary—E

Banking & Finance Glossary—EEBITDAEBITDA is an acronym for ‘earnings before interest, tax, depreciation and amortisation’. The EBITDA of the business...
Read More >
10th Jun
Practice notes

Banking & Finance Glossary—W

Banking & Finance Glossary—WWarrantA tradeable security which gives the holder the right, but not the obligation, to buy or sell a specified asset at...
Read More >
10th Jun

Popular documents

Liquidated damages in construction contracts

Liquidated damages in construction contracts

Liquidated damages in construction contractsThis Practice Note explains what liquidated and ascertained damages (LADs/LDs) are and their purpose in a building contract. It considers the difference between liquidated damages and general (or unliquidated) damages and looks at the enforceability of

Judicial review—time limits and the pre-action protocol

Judicial review—time limits and the pre-action protocol

Judicial review—time limits and the pre-action protocolWhen considering whether and how to bring a claim for judicial review, the first step is to consider whether judicial review is be an appropriate means of addressing the issues raised by the case at hand. For further guidance, see Practice Note:

Mediation—advantages and disadvantages

Mediation—advantages and disadvantages

Mediation—advantages and disadvantagesWhat is mediation?Mediation is one of the most recognised and common forms of alternative dispute resolution (ADR).It is a form of assisted ADR in the sense that there is a third-party neutral involved who meets with the parties and seeks to help them in

Indemnity costs orders—principles

Indemnity costs orders—principles

Indemnity costs orders—principlesThis Practice Note considers orders for costs determined on an indemnity basis (indemnity costs orders). A court may order that costs are assessed on an indemnity basis so that any doubt as to the costs claimed are resolved in favour of the receiving party. Compare