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

deferred taxes

Banking; Personal banking

A liability account that reflects the accumulated difference between the amount of income tax that the firm shows each year as an expense on its financial statements and the amount of income tax, ...

defined benefit plan

Banking; Personal banking

A pension or other employee benefit plan that provides specified amounts of benefits to eligible participants. The specified amounts of benefits are usually determined based upon age, years of ...

gamma

Banking; Personal banking

The rate of change of an option’s delta for a small change in the price of the option’s underlying.

A technique or process for quantifying exposure to adverse consequences from changes in interest rates. A comparison of the total quantity of a financial institution's rate-sensitive assets (RSAs) ...

gapping

Banking; Personal banking

Mismatching assets and liabilities, usually by borrowing short and lending long.

general fund

Banking; Personal banking

In fund accounting, the fund used to account for all financial resources, except those required to be accounted for in another fund. Often used as and referred to as the operating fund.

general intangibles

Banking; Personal banking

A category of personal property defined by Article 9 of the UCC. General intangibles is a catch-all term for intangibles other than accounts such as copyrights, trademarks, patent rights, franchise ...