6 Terms
Home > Industry/Domain > Banking > 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 termContributors in Personal banking
Personal banking
float analysis
Banking; Personal banking
An analysis of an organization’s disbursements to determine the approximate number of days between issuance of a check and presentation of the check for payment at the organization’s bank.
floater
Banking; Personal banking
An informal name for a security with a variable coupon rate. Particularly used to refer to floating-rate CMO tranches.
floating lien
Banking; Personal banking
The name for and the nature of a creditor's interest in a debtor's accounts receivable and inventory. In the natural operation of any business, the specific receivables and inventory owned at one ...
floating-rate note (FRN)
Banking; Personal banking
A medium-term instrument with a coupon rate that floats up or down based upon changes to an index or reference rate. Often, FRNs are tied to LIBOR.
flood hazard zone
Banking; Personal banking
A geographic area officially designated under Federal law as an area that might experience damage from flooding. Under the National Flood Insurance Reform Act of 1994, lenders taking an interest in ...
flood insurance
Banking; Personal banking
Insurance protection against damage caused by floods. For applicable parcels of real estate, lenders with a security interest in that real estate are required by law to either require that borrowers ...
floor
Banking; Personal banking
A lower limit for a variable, such as the lower limit on an interest rate paid or received in a transaction. For example, an adjustable-rate loan may have a floor of 5 percent. In that example, the ...