TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

ORDINARY ADVANCE [1 record]

Record 1 1989-02-12

English

Subject field(s)
  • Banking
DEF

A temporary advance, generally for a term of one day, which the Bank of Canada is prepared to provide, within certain limits, to chartered banks encountering shortfalls in their reserve balances as a result of unexpected payment flows associated with the daily cheque-clearing and settlement process.

French

Domaine(s)
  • Banque
DEF

Avance à très court terme, en général à un jour, accordée par la Banque du Canada à une banque à charte qui accuse un déficit à son compte de réserve par suite des sorties de fonds inattendues liées au processus quotidien de compensation et de règlement des chèques.

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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