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

Add a new term

Contributors in Personal banking

Become a Contributors

Personal banking

A term used to describe either the excess or shortfall of pension assets in relation to pension liabilities. When pension liabilities exceed the assets, the funded status is a shortfall. When a plan ...

funding liquidity risk or funding risk

Banking; Personal banking

The potential that an institution will be unable to meet its obligations as they come due because of an inability to liquidate a sufficient quantity of assets or to obtain a sufficient quantity of ...

funds transfer pricing (FTP)

Banking; Personal banking

An internal cost accounting system or methodology that transfers a cost of funds expense to profit centers that generate assets and a credit for funds to profit centers that provide funding. Most ...

fungibles

Banking; Personal banking

Property that is indistinguishable from other property of the same type. Fungibles are completely substitutable or interchangeable. Two examples of fungibles are pork bellies and dollar bills.

future advance clauses

Banking; Personal banking

Provisions in mortgages or security agreements that attempt to extend the secured party’s interest in the collateral to cover future extensions of credit made by that creditor to the debtor.

futures

Banking; Personal banking

Contracts for the sale/purchase of a specified quantity of a financial instrument, currency, or commodity at an agreed-upon price on a given future date. First developed for agricultural commodities, ...

G & A expense

Banking; Personal banking

A shorthand expression used by many bankers to refer to general and administrative expenses. These are a subgrouping of a firm's operating expenses. In most banks, the term refers to all operating ...