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Wiki Wiki Summary
Loanword A loanword (also loan word or loan-word) is a word permanently adopted from one language (the donor language) and incorporated into another language without translation. This is in contrast to cognates, which are words in two or more languages that are similar because they share an etymological origin, and calques, which involve translation.
External commercial borrowing External commercial borrowing (ECBs) are loans in India made by non-resident lenders in foreign currency to Indian borrowers. They are used widely in India to facilitate access to foreign money by Indian corporations and PSUs (public sector undertakings).
Government debt A country's gross government debt (also called public debt, or sovereign debt) is the financial liabilities of the government sector.: 81  Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occurs when a government's expenditures exceed revenues.: 79–82  Government debt may be owed to domestic residents, as well as to foreign residents.
Cultural appropriation Cultural appropriation is the inappropriate or unacknowledged adoption of an element or elements of one culture or identity by members of another culture or identity. This can be controversial when members of a dominant culture appropriate from minority cultures.According to critics of the practice, cultural appropriation differs from acculturation, assimilation, or equal cultural exchange in that this appropriation is a form of colonialism.
Borrowing Trouble Borrowing Trouble is a 1937 American comedy film directed by Frank R. Strayer and starring Jed Prouty, Shirley Deane and Spring Byington. It is part of the Jones Family series of films and is also known by the alternative title of The Jones Family in Borrowing Trouble.
Economy of Lebanon The economy of Lebanon has been experiencing, as of late 2019, a large-scale, multi-dimensional crisis, including a banking collapse, a liquidity crisis and a sovereign default. It used to be classified as a developing, upper-middle income economy.
Profitability index Profitability index (PI), also known as profit investment ratio (PIR) and value investment ratio (VIR), is the ratio of payoff to investment of a proposed project. It is a useful tool for ranking projects because it allows you to quantify the amount of value created per unit of investment.
Small Is Profitable Small Is Profitable: The Hidden Economic Benefits of Making Electrical Resources the Right Size is a 2002 book by energy analyst Amory Lovins and others. The book describes 207 ways in which the size of "electrical resources"—devices that make, save, or store electricity—affects their economic value.
The Borrower The Borrower is a 1991 American science fiction horror film directed by John McNaughton and starring Rae Dawn Chong, Tom Towles and Antonio Fargas. The story revolves around an alien serial killer, who is sent to Earth to live among humans as a form of penalty.
The Baby Borrowers The Baby Borrowers is a British reality television series produced by Love Productions for BBC Three. The series premiered 8 January 2007.
Allowance for Loan and Lease Losses In banking, the Allowance for Loan and Lease Losses (ALLL), formerly known as the reserve for bad debts, is a calculated reserve that financial institutions establish in relation to the estimated credit risk within the institution's assets. This credit risk represents the charge-offs that will most likely be realized against an institution's operating income as of the financial statement end date.
Current Expected Credit Losses Current Expected Credit Losses (CECL) is a credit loss accounting standard (model) that was issued by the Financial Accounting Standards Board (FASB) on June 16, 2016. CECL replaces the current Allowance for Loan and Lease Losses (ALLL) accounting standard.
Student loan A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses. It may differ from other types of loans in the fact that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in school.
Expected loss Expected loss is the sum of the values of all possible losses, each multiplied by the probability of that loss occurring. \nIn bank lending (homes, autos, credit cards, commercial lending, etc.) the expected loss on a loan varies over time for a number of reasons.
Citibank Citibank is the consumer division of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York.
Policy Policy is a deliberate system of guidelines to guide decisions and achieve rational outcomes. A policy is a statement of intent and is implemented as a procedure or protocol.
New York Codes, Rules and Regulations The New York Codes, Rules and Regulations (NYCRR) contains New York state rules and regulations. The NYCRR is officially compiled by the New York State Department of State's Division of Administrative Rules.
Regulatory Agencies A regulatory agency (regulatory body, regulator) or independent agency (independent regulatory agency) is a government authority that is responsible for exercising autonomous dominion over some area of human activity in a licensing and regulating capacity.\nThese are customarily set up to strengthen safety and standards, and/or to protect consumers in markets where there is a lack of effective competition.
UEFA FIFA () is an association that describes itself as an international governing body of association football, futsal and beach soccer. It is the highest governing body of association football.
Geography of association football The following article gives a list of association football confederations, sub-confederations and associations around the world. The sport's international governing body is FIFA, but those associations not affiliated with FIFA are also included in this article.
Trade association A trade association, also known as an industry trade group, business association, sector association or industry body, is an organization founded and funded by businesses that operate in a specific industry. An industry trade association participates in public relations activities such as advertising, education, publishing, lobbying, and political donations, but its focus is collaboration between companies.
Exam An examination (exam or evaluation) or test is an educational assessment intended to measure a test-taker's knowledge, skill, aptitude, physical fitness, or classification in many other topics (e.g., beliefs). A test may be administered verbally, on paper, on a computer, or in a predetermined area that requires a test taker to demonstrate or perform a set of skills.
Graduate Record Examinations The Graduate Record Examinations (GRE) is a standardized test that is an admissions requirement for many graduate schools in the United States and Canada and few in other countries. The GRE is owned and administered by Educational Testing Service (ETS).
National Examination Board (Nepal) 'National Examinations Board (Nepali: राष्ट्रिय परीक्षा बोर्ड) is the board that organizes the Higher Secondary examination and education in Nepal. It is transformed from previous Higher Secondary Education Board (HSEB) according to the Education Act (8th amendment) of 2073 B.S. It is located in Sanothimi, Bhaktapur.
Autopsy An autopsy (post-mortem examination, obduction, necropsy, or autopsia cadaverum) is a surgical procedure that consists of a thorough examination of a corpse by dissection to determine the cause, mode, and manner of death or to evaluate any disease or injury that may be present for research or educational purposes. (The term "necropsy" is generally reserved for non-human animals).
Educational institution An educational institution is a place where people of different ages gain an education, including preschools, childcare, primary-elementary schools, secondary-high schools, and universities. They provide a large variety of learning environments and learning spaces.
Financial institution Financial institutions, sometimes called banking institutions, are business entities that provide services as intermediaries for different types of financial monetary transactions. Broadly speaking, there are three major types of financial institutions:\nDepository institutions – deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies;\nContractual institutions – insurance companies and pension funds\nInvestment institutions – investment banks, underwriters, and other different types of financial entities managing investments.Financial institutions can be distinguished broadly into two categories according to ownership structure:\n\nCommercial banks\nCooperative banksSome experts see a trend toward homogenisation of financial institutions, meaning a tendency to invest in similar areas and have similar business strategies.
Cultural institution A cultural institution or cultural organization is an organization within a culture/subculture that works for the preservation or promotion of culture. The term is especially used of public and charitable organizations, but its range of meaning can be very broad.
Rajalakshmi Institutions Rajalakshmi Institutions is a group of private educational institutes in Chennai, Tamil Nadu, India founded by Mr. S. Meganathan in the year 1997.
Cournot competition Cournot competition is an economic model used to describe an industry structure in which companies compete on the amount of output they will produce, which they decide on independently of each other and at the same time. It is named after Antoine Augustin Cournot (1801–1877) who was inspired by observing competition in a spring water duopoly.
Competition regulator A competition regulator is the institution that oversees the functioning of the markets. And the Law in which it takes cognizance of situations having any type of impediments and distortions on the markets and correct them is the competition law (also known as antitrust law).
X-Originating-IP The X-Originating-IP (not to be confused with X-Forwarded-For) email header field is a de facto standard for identifying the originating IP address of a client connecting to a mail service's HTTP frontend. When clients connect directly to a mail server, its address is already known to the server, but web frontends act as a proxy which internally connect to the mail server.
Origination Clause The Origination Clause, sometimes called the Revenue Clause, is Article I, Section 7, Clause 1 of the U.S. Constitution. The clause says that all bills for raising revenue must start in the U.S. House of Representatives, but the U.S. Senate may propose or concur with amendments, as in the case of other bills.
Risk Factors
PENNFED FINANCIAL SERVICES INC ITEM 1A Risk Factors
21 Item 1A Risk Factors Rising interest rates may negatively impact the Companyapstas results of operations
The Companyapstas results of operations are primarily dependent on net interest income, which is the difference between the interest income earned on its interest earning assets such as loans, mortgage-backed securities and investment portfolios and the interest expense paid on interest bearing liabilities, such as deposits and borrowings
With a further rise in short-term interest rates and a flat or inverted yield curve, deposits and borrowings may reprice upwards faster than the rates on loans, mortgage-backed securities and investments, causing additional compression in the net interest margin and may have a negative impact on the Companyapstas results of operations
Rising interest rates can also affect borrowers &apos demand for loan products as historical experience has shown that as interest rates rise, origination levels may decline
A downturn in the local economy can affect profitability due to the geographic concentration of our market area
The Company gathers deposits primarily from the communities its serves, which are the Ironbound section of the City of Newark and surrounding areas, suburban Essex county and selected areas of central and southern New Jersey
The 21 Company originates loans secured by properties located throughout New Jersey and areas in eastern Pennsylvania
A downturn in the local economy in any of these market areas may have an adverse effect on customers &apos demand for the Companyapstas products, borrowers &apos ability to service their debt, as well as the quality of the Companyapstas loan portfolio
Declining real estate values can cause loans to become inadequately collateralized, potentially exposing the Company to a risk of loss
The Companyapstas allowance for loan losses is established based on managementapstas evaluation of the probable credit losses in the loan portfolio
Management believes that they use the best information available to establish the allowance for loan losses
However, changes in market conditions, borrowers &apos ability to service their debt, real estate values, or in federal regulatory policies, which are unforeseeable and beyond the Companyapstas controls, may cause the allowance for loan losses to become inadequate and earnings may be affected
Managementapstas Discussion and Analysis of Financial Condition and Results of Operations &quote -Critical Accounting Policies &quote
Risks in changes in the laws and regulations of regulatory agencies
The Bank is subject to comprehensive regulation and examination by the OTS, as the Bankapstas primary regulator, and the FDIC, as its insurer of deposits
The OTS has extensive authority over the operations of savings associations, which are subject to periodic examinations and reporting requirements
FDIC may also conduct examinations and require reporting by FDIC-insured institutions
In addition, these regulatory agencies have the authority to impose restrictions on operations
In recent years, there have been significant changes in the legislative policies for regulation of financial institutions
Any future changes in legislative policies, regulations or laws of regulatory agencies are beyond the Companyapstas control and may have a material effect on the Companyapstas operations
Strong competition in originating loans and attracting deposits may have an adverse effect on the Companyapstas profitability
The Company operates in a highly competitive environment in both the origination of real estate and other loans and in attracting deposits
The Company competes based on the quality of services offered, interest rates offered, fees charged, types of products, quality customer service and convenient business hours and branch locations
Competition in originating loans is primarily from commercial banks, other savings associations, mortgage banking companies and credit unions
Competition in attracting deposits is primarily from commercial banks, other savings associations, credit unions and brokerage houses
In order to compete, the Company, from time to time, may offer slightly higher rates in order to attract deposits and stimulate loan originations
This may impact the Companyapstas profitability, depending on the level of interest rates offered, and may have a negative effect on the net interest margin