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

general obligation (GO)

Banking; Personal banking

A municipal obligation that is supported by the full faith and credit — the full taxing authority — of the municipality (as opposed to support from only the revenues from specific user fees).

general partnership

Banking; Personal banking

A partnership in which every partner is fully liable to the full extent of his, her, or its net worth for all the obligations of the partnership.

generally accepted accounting principles (GAAP)

Banking; Personal banking

Accounting treatments that fully conform to established rules from the American Institute of Certified Public Accountants (AICPA). For all nongovernment entities in the United States, GAAP is ...

geographic liquidity risk

Banking; Personal banking

A type of systemic risk where deterioration in regional economic conditions triggers liquidity crisis. Usually, such a crisis is triggered by credit loss.

giants

Banking; Personal banking

FHLMC MBSs created when older pools that have been reduced to small outstanding balances (i.e., low current face) as a result of cumulative prepayments are combined to create new securities with ...