Knowyourbank.com’s financial education posts are focused on helping our readers better understand credit union and banking terms, financial ratios and instruments. The educational posts share explanations for sometimes difficult or complex terminology.


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Total Liabilities

Total Liabilities are the legal financial obligations that need to be fulfilled by a bank or credit union. Total liabilities are the sum of current and non-current liabilities of a financial institution and are expressed as: Total Liabilities = Current Liabilities + Non-Current Liabilities Where in current liabilities include the debt or financial obligations which [...]

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Common Stock

Common stock is a type of equity (ownership) in a bank (company). Common stock has voting powers and the right to elect the Board of Directors (in some cases there are different classes of common stock: voting and non-voting). In the event of bankruptcy, common stock sits behind preferred stock, debenture holders, and creditors when [...]

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