Search results
Mar 14, 2024 · Points in finance represent a versatile measurement in various financial contexts, indicating percentages, values, or fees. From bond prices to stock movements, and even mortgage interest rates, understanding points is vital for sound financial decision-making.
Definition. The broad range of financial services accessed and delivered through digital channels, including payments, credit, savings, remittances and insurance. The digital financial services (DFS) concept includes mobile financial services (MFS). Further Explanation.
- 158KB
- 12
This glossary is a compilation of terms commonly used in the area of digital financial services and an explanation of what these terms mean. The terms are grouped by category, rather than alphabetically. There are 7 main categories as shown in the table below. Category. Scope.
- 1MB
- 27
jiggle. noun [ C ] uk / ˈdʒɪɡ. ə l / us / ˈdʒɪɡ. ə l / a quick short movement from side to side or up and down: If the radio doesn't work, just give it a quick jiggle.
- Intermediation
- Cost of Services
- Regulation
- Productive Uses
At its heart, the financial sector intermediates. It channels money from savers to borrowers, and it matches people who want to lower risk with those willing to take on that risk. People saving for retirement, for example, might benefit from intermediation. The higher the return future retirees earn on their money, the less they need to save to ach...
How people pay for financial services can vary widely, and the costs are not always transparent. For relatively simple transactions, compensation can be on a flat-rate basis (say, $100 in return for filing an application). Charges can also be fixed ($20 an hour to process loan payments), based on a commission (say, 1 percent of the value of the mor...
Financial services are crucial to the functioning of an economy. Without them, individuals with money to save might have trouble finding those who need to borrow, and vice versa. And without financial services, people would be so intent on saving to cover risk that they might not buy very many goods and services. Moreover, even relatively simple fi...
Financial services help put money to productive use. Instead of stashing money under their mattresses, consumers can give their savings to intermediaries who might invest them in the next great technology or allow someone to buy a house. The mechanisms that intermediate these flows can be complicated, and most countries rely on regulation to protec...
Mar 12, 2024 · Somer Anderson. Fact checked by. Betsy Petrick. What Is Financial Inclusion? Financial inclusion refers to efforts to make financial products and services accessible and affordable to all...
May 3, 2023 · What is a basis point? A basis point is one hundredth of a percent, so 100 basis points is equivalent to 1%. “Basis point” is sometimes abbreviated to “bp” and “basis points” to “bps.”...
