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

floor planning

Banking; Personal banking

A form of inventory financing involving loans or advances for specific items of inventory.

flower bonds

Banking; Personal banking

U.S. Treasury bonds that can be applied at par toward the payment of U.S. inheritance taxes. The Treasury stopped issuing flower bonds in 1977. The last flower bond matured in 1998.

flux

Banking; Personal banking

A measure of the sensitivity of CMO cash flows to changes in the prepayment rate of the underlying MBS collateral. Derived from flow uncertainty index. Developed by the National Association of ...

A Federal law that preempts state laws including the UCC as they apply to farm products. The law allows certain buyers to obtain clear title to farm products regardless of security interests that the ...

forbearance agreement

Banking; Personal banking

An agreement between a creditor and a debtor. A forbearance agreement is utilized when a debtor has defaulted or is likely to default. Under the terms of the forbearance agreement, the debtor is ...

forced placed insurance

Banking; Personal banking

Insurance purchased by a creditor covering personal or real property owned by debtor. In some cases, forced placed flood insurance is required by law. In other cases, creditors are granted the right ...

forecasted transaction

Banking; Personal banking

An accounting term defined by FASB in FAS 133. A transaction that is expected to occur but for which there is no firm commitment. Because no transaction or event has yet occurred and because the ...