Above Par.

The term “above par” is used to describe a bond that is trading at a price above its face value. For example, if a bond has a face value of $1,000 and is trading at a price of $1,100, it is said to be trading “above par.” This means that the bond is trading at … Read more

Checkbook.

A checkbook is a small book containing blank checks and a register for recording personal transactions. A checkbook is used to write checks for payment of various types of bills and for other purposes. What is CRR and SLR? The CRR (cash reserve ratio) is the percentage of deposits that banks are required to keep … Read more