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

hybrid or hybrid security

Banking; Personal banking

A package or combination of financial instruments. Hybrid structures range from simple to highly complex.

hypothecation

Banking; Personal banking

(1) An archaic term for pledging that did not involve either possession or title transfer.(2) Any pledge of an asset as collateral for a debt. (An uncommon but correct usage.)(3) The pledge of ...

immobilized

Banking; Personal banking

A physical certificate representing ownership of a security (a stock certificate or bond) that is held by a trustee. An arrangement through which a physical certificate is held so that all future ...

immunization

Banking; Personal banking

Establishing and maintaining equal and offsetting exposures to interest rate risk. For example, holding equal amounts of assets and liabilities of the same duration.

implied forward rates

Banking; Personal banking

Indicated future interest rates derived from the differences between current rates for different maturities of the same instrument. Yield curves include implied information about future interest ...

implied volatility

Banking; Personal banking

Volatility of a financial instrument that is imputed by subtracting all of the other factors thought to contribute to the price of an option. The amount remaining after those subtractions is ...

A legal name for a situation in which a lender is deemed to have lost the right to enforce a provision in the loan documents as a result of the lender's failure to enforce the same provision when it ...