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Person or firm who trades (buy and sells) on their account foreign currencies or bills.


  • Trading (buying and selling) on the Stock exchange or commodities exchange;
  • Specially equipped area where dealers carry out their transactions.

Debit card
Bank card, which debits the holder's account immediately through BORICA system. The holder can effect the following on-line transactions: cash withdrawal through an ATM; payment of goods and services through POS; cash withdrawal through POS; utility bills payment; payment of goods and services in Internet; transfer of amounts between the client's accounts in the same bank; balance of the card account and change of PIN code.

Person or company who owes money, loan, etc. for repayment.

Demand (Sight) deposit
Bank deposit that can be withdrawn on demand or transferred to another account with no special notice.

Demand Deposit
Money placed in a Bank for safekeeping or to earn interest, which can be taken out whenever the client decides.

Money or bills placed in a bank for safekeeping or to earn interest under agreed terms.  Ref. Demand/Term deposit.

Deposit account
Account in which money paid in or deposited by a customer earns interest at a rate which varies with the bank’s base rate; deposited amount is withdrawn with preliminary notice or observing other payment terms against issuing a deposit certificate.

Deposit certificate
Certificate issued by banks for large deposits, which cannot be withdrawn “on demand”. Deposit certificates can be traded until the last buyer gets the total deposited amount together with the interest due at maturity by the bank.

Deposit with additional instalments
Deposit facilities with an option additional instalments to be deposited, retaining the accrued interest.

Centralized depository for placing various types of bills for trading operations with no physical transfer of the latter, but through computer based systems and certificates.

Amount by which a financial instrument is sold for less than its nominal value.

Strategic approach of establishing multi-profile production or by placing money/securities in a wide spread of investment portfolio (different types of shares or savings so as to spread the risk of loss).

Part of a company's annual profit after tax, paid to shareholders, whereas preference share receive their dividents as a preliminary set percentage of their issuing value, while for ordinary ones it depends on the profit volume.