FEDERAL FUNDS Definition

Bookmark and Share

FEDERAL FUNDS are reserve balances that depository institu­tions lend each other, usually on an overnight basis. In addition, federal funds include certain other kinds of borrowings by depository institutions from each other and from federal agencies.

Learn new Accounting Terms

INTERIM EARNINGS see INTERIM STATEMENT.

WARRANTY is a guarantee given to a buyer from a seller that the goods or services purchased will perform as promised, or a refund will be given, repair will be done at no charge, or an exchange made.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.