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federal funds rate (E5)<br />The rate at which the member banks of the FEDERAL RESERVE SYSTEM trade reserves with each other. Banks with more reserves than required lend their surplus to other banks with a deficiency. Although this rate is determined by the demand for and supply of excess reserves in the banking system, the Federal Reserve can influence it.<br /><em>See also:</em> prime rate of interest
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<strong>MIBA</strong> – Missouri Independent Bankers Association. May be found on the world wide web at
www.miba.net.
<strong>Cure</strong> – Reinstatement of a loan' s guarantee upon completion of a prescribed series of loan collection activities. Also defined as the process by which the loan' s guarantee is reinstated.
yuppie, yuppy (Jl)<br />A young urban professional. Most of these aggressive young graduates are employed in financial centres such as New York and London. These health-conscious workaholics firmly believe in free market economics. Their high salaries have made it possible for them to contribute to the GENTRIFICATION of inner city areas.
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