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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
foreclosure
Banking; Personal banking
A remedy provided by state law for creditors secured by an interest in real property to obtain title to the property under certain conditions.
foreign exchange risk
Banking; Personal banking
One of nine risks defined by the OCC. The risk to earnings or capital arising from adverse movement of foreign exchange rates. The Federal Reserve includes this risk in its definition of market risk.
forward delivery
Banking; Personal banking
The transfer of commodities or foreign exchange at a specified date subsequent to the date of the contract that provides for the transfer.
forward market
Banking; Personal banking
The informal (nonexchange) trading of foreign exchange or commodities to be delivered at a future date. Contracts for forward delivery are not standardized. Instead, the delivery time and amount are ...
forward rate
Banking; Personal banking
The interest rate for a specified maturity of a fixed-income security for a future date. For example, the forward rate for six-month Treasury bills one month from today.
forward rate agreement (FRA)
Banking; Personal banking
A customized agreement between two parties specifying the rate to be paid at some future date. Usually tied to LIBOR.
FHLB advances
Banking; Personal banking
Loans granted to member financial institutions by Federal Home Loan Banks. FHLB advances are structured to meet a wide variety of borrower needs. Common structures include bullet advances, puttable ...