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

Lag times. The amount of time before the owner of a MBS receives payments from the underlying mortgages. The time between when the underlying mortgagors make their payments to the servicers and when ...

de-leveraged bonds

Banking; Personal banking

Bonds that pay interest to investors according to a formula based on a fraction of the increase or decrease in a specified index. De-leveraged bonds are a type of structured note.

delivery and acceptance certificate

Banking; Personal banking

A document that evidences the fact that goods have been delivered to a purchaser or lessee and accepted by that purchaser or lessee.

delivery float

Banking; Personal banking

The time between when a check is ready for disbursement and when the vendor or employee actually receives it. For vendors, this may be considered the same as mail float.

delivery vs. payment (DVP)

Banking; Personal banking

The simultaneous exchange of securities and cash. The safest method of settling either the purchase or sale of a security. In a DVP settlement, the funds are wired from the buyer's account and the ...

delta

Banking; Personal banking

(1) The Greek letter used by mathematicians to refer to change or the quantity of change.(2) The price sensitivity of an option. The change in an option’s price divided by the change in the price of ...