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

demand deposit

Banking; Personal banking

A deposit account that permits the depositor to withdraw funds on demand. Usually, but not always, a checking account. Sometimes called demand deposit account (DDA).

demand note

Banking; Personal banking

A promissory note that calls for principal to be payable on demand. In recent years, courts have significantly restricted the circumstances under which a bank could make and enforce a demand for ...

dematerialized

Banking; Personal banking

A term used to describe a physical certificate representing ownership of a security (a stock certificate or a bond) that is held by a trustee. This is an arrangement through which a physical ...

Department of Housing and Urban Development (HUD)

Banking; Personal banking

A department of the U.S. government that promotes private and public housing. FHA and GNMA are agencies within HUD.

A specific provision in the USPAP rules for real estate appraisals. The departure provision states that: "An appraiser may enter into an agreement to perform an assignment that calls for something ...

deposit notes

Banking; Personal banking

A form of bank obligation that is similar to a deposit. Deposit notes are typically issued with terms from two to five years. Like CDs, deposit notes are issued for specified terms at either ...

Depository Trust Company (DTC)

Banking; Personal banking

An organization that holds physical certificates for stocks and bonds and issues receipts to owners. Securities held by DTC are immobilized so that they can be traded on a book-entry basis.