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

(1) Delivery of a security, from a seller to a buyer, that complies with all terms of the contract of sale.(2) For a new, to-be-announced MBS, good delivery is delivery by the seller that conforms to ...

good faith estimate

Banking; Personal banking

A document that lenders are required by regulation to provide all applicants for covered real estate loans. This document discloses the anticipated expenses that the applicant(s) will have to pay if ...

goods

Banking; Personal banking

A category of personal property defined by Article 9 of the UCC. Sometimes called tangible goods. Further divided into consumer goods, equipment, farm products, and inventory.

Government Accounting Standards Board (GASB)

Banking; Personal banking

An accounting industry organization; part of the Financial Accounting Foundation. GASB issues Statements of Financial Accounting Standards that define and govern GAAP for state and local government ...

Government National Mortgage Association (GNMA)

Banking; Personal banking

A government-owned corporation that is part of the U.S. Department of Housing and Urban Development. GNMA provides its guarantee, backed by the full faith and credit of the United States Government, ...

grace period

Banking; Personal banking

A time period, usually one or more months, during which the debtor may delay principal repayment without incurring a penalty.

graduated payment mortgage (GPM)

Banking; Personal banking

A mortgage in which the monthly payment of principal and interest begins at a low amount and progressively increases to a predetermined higher amount. Thereafter, the amount of the monthly payment ...