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

wraparound mortgage

Banking; Personal banking

A second mortgage that takes over the first. The first mortgage loan is not paid off. Instead, the borrower makes payments to the second mortgage lender for the debt service of both the first and ...

writer

Banking; Personal banking

The party that sells an option contract. Also called the option grantor or maker.

Yankee bonds

Banking; Personal banking

Bonds denominated in U.S. dollars and issued in the United States by foreign issuers for U.S. investors.

Yankee CDs

Banking; Personal banking

Certificates of deposit denominated in U.S. dollars and issued in the United States by a U.S. branch of a foreign financial institution.

yield

Banking; Personal banking

The annual return on an investment expressed as a percentage on an annual basis. For interest-bearing securities, the yield is a function of the rate; the purchase price; the income that can be ...

yield curve

Banking; Personal banking

A graph showing the relationship at a selected point in time between the available maturities of a security or similar securities with essentially identical credit risk and the yields that can be ...

The risk to a holder of financial instruments that a change in prevailing interest rates will not affect the prices or yields of the same instruments in exactly equal amounts for each available term. ...