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Bank for International Settlements

(Encyclopedia)Bank for International Settlements (BIS), international financial institution est. (1930) in Basel, Switzerland, by bankers and diplomats from Europe, the United States, and Japan. It was originally s...

discount

(Encyclopedia)discount, in banking and investment, fee for lending money, which the banker deducts from the loan when it is given. Thus, with a $1,000 loan at a 6% discount, the borrower receives $940 and repays $1...

Palmer Land

(Encyclopedia)Palmer Land, part of the Antarctic Peninsula, W Antarctica. Named by Americans after Nathaniel Palmer, who explored the area in 1820, Palmer Land (or Palmer Peninsula) referred to the entire Antarctic...

banking

(Encyclopedia)banking, primarily the business of dealing in money and instruments of credit. Banks were traditionally differentiated from other financial institutions by their principal functions of accepting depos...

clearing

(Encyclopedia)clearing, in banking, the periodic settling of bankers' claims against each other, for which local banks establish clearinghouse associations. Clearinghouses are said to have existed in Florence by a....

Fort Hall

(Encyclopedia)Fort Hall, trading post on the Snake River, near Pocatello, SE Idaho; est. 1834 by U.S. trader Nathaniel Wyeth. It was sold in 1836 to the Hudson's Bay Company, which occupied the post until 1856. For...

Plainfield

(Encyclopedia)Plainfield, city (1990 pop. 46,567), Union co., NE N.J.; settled 1684 by Friends, inc. as a city 1869. Formerly a residential city in the New York metropolitan area, it has become the urban center of ...

Brown, Jim

(Encyclopedia)Brown, Jim (James Nathaniel Brown), 1936–2023, American football player, b. St. Simon Island, Ga. A football and lacrosse All-American at Syracuse Uni...

Independent Treasury System

(Encyclopedia)Independent Treasury System, in U.S. history, system for the retaining of government funds in the Treasury and its subtreasuries independently of the national banking and financial systems. In one for...

savings bank

(Encyclopedia)savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its deposi...