Examlex
The Gramm-Leach-Bliley Act repealed the Glass-Steagall Act, which restricted commercial banks from also being in the investment banking business.
NPV
Net Present Value; a calculation used to determine the worth of a project or investment by discounting future cash flows to the present.
Refunding Decision
The process of replacing an existing debt with a new one, typically with better terms, in order to reduce financing costs.
Canadian Securities Industry
The sector encompassing firms and regulations in Canada involved in issuing, trading, and managing securities and investments.
Unregulated
Lacking regulatory restrictions within a particular industry or activity.
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