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

debtor

Banking; Personal banking

(1) A party who owes money or other performance to another party. Under the UCC, debtor includes the seller of accounts or chattel paper.(2) For the purposes of UCC provisions dealing with ...

In some bankruptcy proceedings, the debtor, rather than a trustee, may continue to operate the business. The debtor in possession is the same person or company that controlled the business prior to ...

decay analysis

Banking; Personal banking

Statistical analysis of the rate of attrition. Decay analysis is used to analyze historical volatility of core deposit volumes, specifically rates for withdrawals and account closures. Deposit decay ...

declaration page

Banking; Personal banking

The page in an insurance policy that contains all, or almost all, of the policy information specific to that particular insurance policy. The declaration page typically includes the name of the ...

deed in lieu of foreclosure

Banking; Personal banking

A deed executed by the mortgagor that transfers ownership in real estate to a lien creditor. This instrument is used when the debtor is unable or unwilling to pay and wishes to avoid foreclosure.

deed of trust

Banking; Personal banking

A three-party document conveying interest in property, almost always real estate, to a trustee. In many states, deeds of trust are used instead of mortgages. In those states, the trustee holds the ...

deep discount

Banking; Personal banking

A large discount for a financial instrument. The condition that exists when a financial instrument is trading at a market price that is well below its par value. May also be used to refer to those ...