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

drawee

Banking; Personal banking

The party to whom a check or draft is written. Also called payee.

drawor

Banking; Personal banking

The party who writes a draft or check against funds he or she owns. Also called payor.

dribble rule

Banking; Personal banking

An unofficial name for a provision in Securities and Exchange Commission Rule 144. The dribble rule is a limit on how much restricted or controlled stock can be sold within a period.

driver rate

Banking; Personal banking

A market interest rate used in simulation modeling to affect interest rates for other instruments. For example, instead of forecasting future levels of rates to be paid on its 90 day CDs, a bank ...

drop

Banking; Personal banking

The difference between the prices in a dollar roll on the two settlement dates. The drop is expressed in 32nds. The drop is the price that the buyer of the dollar roll pays to the seller for the ...

Securities with coupon rates that are determined by the difference between two market indexes. These bonds often have a fixed coupon rate for a brief period followed by a longer period of variable ...