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

Add a new term

Contributors in Personal banking

Become a Contributors

Personal banking

A form of inventory financing in which goods are held in trust as collateral for the loan. Warehouse financing may involve the use of public warehouses in which the goods are held in locations owned ...

warehouse lines of credit

Banking; Personal banking

An informal name used by some bankers for lines of credit used to finance a borrower's temporary ownership of long-term assets such as mortgages.

warehouse receipt

Banking; Personal banking

Written evidence of goods held in a warehouse operated by a third party. The goods may be in a public (i.e., general), private, or field warehouse. Also known as collateral receipts. The receipts may ...

warrant

Banking; Personal banking

(1) An order drawn by a payor directing its treasurer to pay a specified amount to the person named or to the bearer. It may be payable upon demand, in which case it usually circulates in the same ...

warranty deed

Banking; Personal banking

A document that transfers title to real estate from a grantor to a grantee. The distinguishing characteristic of a warranty deed is that it guarantees the grantor's right to make such a conveyance ...

waterfall

Banking; Personal banking

The contractual distribution of principal and interest cash flows in a multi-tranche security such as an ABS, CMO or CDO. The contractually specified allocation of cash to debt holders and other ...

weighted-average coupon (WAC)

Banking; Personal banking

The average interest rate charged to mortgage loan borrowers in an MBS pool weighted by the size of each loan. Individual loans in an MBS pool will not usually have the same rates of interest. For ...