6 Terms
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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 termContributors in Personal banking
Personal banking
deep in the money
Banking; Personal banking
A phrase used to describe an option with a high intrinsic value resulting from the fact that the market value of the underlying instrument is well below (for a call option) or well above (for a put ...
default
Banking; Personal banking
(1) noun — A condition in which a loan or investment is not performing as expected because of the debtor's failure to act or refrain from acting in ways contractually agreed upon. As in "the loan is ...
default rate
Banking; Personal banking
An alternative higher rate of interest or a premium specified in a loan document to be added to the contractual rate of interest that can be charged by the lender if the borrower is in default.
default risk
Banking; Personal banking
The risk arising from the chance that debtors will not make promised payments either on time or in full. Also called credit risk.
defeasance
Banking; Personal banking
The legal release of a debtor from being the primary obligor under the debt, either by the courts or by the creditor. Also called legal defeasance.
deferred charges
Banking; Personal banking
Costs capitalized as assets on a firm's balance sheet for expenses such as long-term expenses that will not be recovered in the normal working capital cycle of the business or expenditures that will ...
deferred tax asset
Banking; Personal banking
An asset reflecting a likely reduction in future income taxes. Accounting for deferred tax assets is governed by FAS 109.
