What is the Bank Insurance Fund (BIF) The Bank Insurance Fund (BIF) was a unit of the Federal Deposit Insurance Corporation (FDIC) that provided insurance protection to banks that were not classified as a savings and loan association. The BIF was created following the savings and credit crisis of the late 1980s. Key points to […]
Month: March 2017
Definition of senior bank loan
What is a senior bank loan? A senior bank loan is a debt financing bond issued to a business by a bank or similar financial institution, then repackaged and sold to investors. The repackaged debt obligation consists of several loans. Senior bank loans hold a legal right to the borrower’s assets before any other debt […]