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

Fannie Mae

Banking; Personal banking

An informal name for the Federal National Mortgage Association (FNMA) or for securities issued by it.

A category of goods defined by Article 9 of the UCC. Farm products are crops, livestock, or supplies used or produced in farming operations. In addition, this category includes products of crops or ...

FAS 87

Banking; Personal banking

Financial Accounting Standard No. 87. A rule promulgated by the AICPA that requires firms to report prepaid pension assets or accrued pension liabilities on their balance sheets. It also requires ...

FAS 95

Banking; Personal banking

Financial Accounting Standard No. 95, Statement of Cash Flows. A rule promulgated by the AICPA that requires all audited financial statements to include a statement of cash flows in the audited ...

FAS 105

Banking; Personal banking

An accounting rule that previously required disclosures of information about financial derivatives. Superseded by FAS 133.

FAS 106

Banking; Personal banking

Financial Accounting Standard No. 106, Employers' Accounting for Post Retirement Benefits Other Than Pensions. A rule promulgated by the AICPA . that requires firms to accrue postretirement benefit ...

FAS 107

Banking; Personal banking

Financial Accounting Standard No. 107, Disclosures About Fair Value of Financial Instruments. A rule promulgated by the AICPA that requires mark- to-market value disclosure of financial instruments. ...