PoBo and Point: Difference between pages

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imported>Doug Williamson
(Create page. Source: The Treasurer, Aug 2018, p13.)
 
imported>Administrator
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Payments On Behalf Of.
1.
 
A minimum price movement for a quoted instrument or asset.
Also written 'POBO'.
Also known as a 'pip'.


2.
''US.''
1% of a loan principal amount, especially in the context of residential mortgage loans.


== See also ==
== See also ==
*[[COBO]]
* [[Points]]
*[[In-house bank]]
* [[Principal]]
*[[Payment factory]]
*[[ROBO]]
*[[Shared Service Centre]]


[[Category:Cash_management]]

Revision as of 14:20, 23 October 2012

1. A minimum price movement for a quoted instrument or asset. Also known as a 'pip'.

2. US. 1% of a loan principal amount, especially in the context of residential mortgage loans.

See also