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

guidance line of credit

Banking; Personal banking

A line of credit approved by the bank, but not disclosed to the borrower until some specific event, usually a request for funding from the borrower. Also called an unadvised line.

(1) A lender's informal expression for a collateral margin. The amount by which the value of collateral exceeds the loan it secures. Commonly used with repurchase and reverse repurchase agreements ...

handle

Banking; Personal banking

An informal name for the portion of a security's price that is comprised of the numbers to the left of the decimal point, colon, or dash. For example, if a bond's price is 103.25, its handle is 103. ...

hard call protection

Banking; Personal banking

For convertible bonds, one of two types of call protection. Hard call protection prohibits an issuer from calling an issue within a certain period of time. For convertible bonds, hard call protection ...

hazard insurance

Banking; Personal banking

Insurance covering losses incurred by an insured as a result of damage, destruction, or loss of property. Mainly, but not entirely, insurance against fire and lightning damage. Insurance other than ...

health care insurance receivable

Banking; Personal banking

An interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health care goods or services. A category of personal property collateral defined by the ...

hedge

Banking; Personal banking

(1) Verb— To reduce risk or behavior that reduces risk from future price movements.(2) Noun — A transaction undertaken to reduce risk by offsetting the risk in another transaction. The risk in one ...