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

A table or bar chart displaying a probability distribution. All of the probabilities in the histogram total to 100 percent. The frequency of the data for each interval is represented by the height of ...

historical VAR

Banking; Personal banking

A measure of a financial instrument’s, a portfolio of financial instruments’, or an entity’s exposure to reductions in value resulting from changes in prevailing interest rates. Historical VAR is one ...

factoring

Banking; Personal banking

Providing working capital to businesses by buying their receivables (usually at a discount) rather than lending against them. Factoring is not lending; it is an outright purchase of the receivable ...

fail

Banking; Personal banking

The event of a securities purchase or sale transaction not settling as intended by the parties.

Fair and Accurate Transactions Act (FACT Act)

Banking; Personal banking

Consumer protection legislation enacted in 2003. The FACT Act, permanently established the Fair Credit Reporting Act's federal pre-emption to those areas typically governed by the Fair Credit ...

forward roll

Banking; Personal banking

The sale of an investment position when the sale proceeds are used to acquire a new position that is very similar to the one that was sold.

forwards

Banking; Personal banking

Contracts for the sale/purchase of a specified quantity of a financial instrument, currency, or commodity at an agreed-upon price on a given future date. Unlike an option, a forward contract ...