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bank plan

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
bank plan,
n a financial arrangement made between the dental professional, patient, and bank for financing dental accounts; the bank provides the capital for a rate of interest that enables the patient to pay the dental account over a longer period than would otherwise be possible–usually 12 to 18 months.


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18 (BNA) -- ITHMAAR BANK PLANS TO RAISE UP TO 500 MILLION DOLLARS THROUGH A COMBINATION OF A RIGHTS ISSUE, A MANDATORY CONVERTIBLE SUKUK AND AN EQUITY LINE OF CREDIT, OFFICIALS ANNOUNCED YESTERDAY AND PUBLISHED BY THE GULF DAILY NEWS.
By obtaining the public funds, Kirayaka Bank plans to buy back preferred shares owned by J-Will Partners, a Tokyo-based corporate rehabilitation fund, to terminate its capital partnership with the fund while maintaining their business alliance, the sources said.
With more details on the US bad bank plan expected to come soon, it's hard for sellers to be aggressive," Daiwa Securities SMBC market analyst Yumi Nishimura told Dow Jones Newswires.
 
 
 
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