Transcription of GLOSSARY - Canada - RBC
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GLOSSARY - Canada - RBC
ROYAL BANK OF CANADA141 ANNUAL REPORT 2005 > GLOSSARYA cceptancesA bill of exchange or negotiable instrumentdrawn by the borrower for payment at maturityand accepted by a bank. The acceptance constitutes a guarantee of payment by thebank and can be traded in the money bank earns a stamping fee for providingthis for credit lossesThe amount deemed adequate by manage-ment to absorb identified and probable creditrelated losses in the portfolio of loans, acceptances, guarantees, letters of credit,deposits with other banks and derivatives. The allowance is increased by the provision forcredit losses, which is charged to income anddecreased by the amount of write-offs, net multipleTotal assets plus specified off-balance sheetitems divided by total regulatory under administration (AUA)Assets administered by a financial institution,which are beneficially owned by clients andare therefore not reported on the ConsolidatedBalance Sheets.
ANNUAL REPORT 2005 > GLOSSARY ROYAL BANK OF CANADA 141 Acceptances A bill of exchange or negotiable instrument drawn by the borrower for payment at maturity and accepted by …
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