Personal banking

Personal banking

Referring to the business when banks carry out transactions with customers directly, rather than with other banking institutions or with large corporations.

Industry: Banking

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Personal banking

dealer

Banking; Personal banking

A firm or an individual who buys and sells for his own account. A dealer has ownership, even if only for an instant, between a purchase from one party and a sale to another party, and is thus ...

Unsecured, long-term corporate bonds. Even though debenture holders are not protected by collateral, they still have a legal right to repayment. In the event of default, debenture holders are treated ...

debt

Banking; Personal banking

Funds owed by a debtor to a creditor. Outstanding debt obligations are assets for creditors and liabilities for debtors. May or may not be covered by written agreements.

debt service

Banking; Personal banking

A term used to refer to the amount of principal and interest payments required by a borrower's loans or securities issued. Also used as a verb to describe making such payments.

debt service coverage ratio

Banking; Personal banking

A simple comparison of the cash available to make principal and interest payments to the bank or to bond holders with the amount of those required principal and interest payments. Debt service ...

debt service coverage (DSC)

Banking; Personal banking

The margin by which all of a borrower’s or bond issuer's required principal payments (not just those for the loan under consideration or just those for loans to one bank) are exceeded by the sum of ...