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

fictitious name

Banking; Personal banking

A name used by a proprietorship, partnership, or corporation to conduct business that is different from the legal name of the proprietorship, partnership, or corporation.

fidelity bond or fidelity insurance

Banking; Personal banking

Insurance protecting an employer from losses resulting from the deliberate misappropriation of the firm’s assets by one or more of its employees. Fidelity insurance is obtained by most financial ...

field audits

Banking; Personal banking

Any on-site inspection of the bank's collateral may be referred to as a field audit. However the phrase is most often used to refer to on-site audits of a borrower's records related to sales, ...

field warehousing

Banking; Personal banking

A method of financing inventories in which the inventory is held in custody for the lender by an agent of the lender at the borrower's place of business.

The latest possible date on which an MBS holder receives payment. Because mortgage loans tend to be repaid sooner than their contractual maturity dates, the actual final payment is likely to occur ...

final maturity

Banking; Personal banking

The maturity date of the single loan in a pool of mortgage loans that has the maturity date furthest in the future. Because mortgage loans tend to be repaid sooner than their contractual maturity ...

finance lease

Banking; Personal banking

A term used in UCC Article 2A. A lease in which the lessor is not the supplier or manufacturer of the leased goods. In a finance lease, the lessor must not have any involvement in the selection of ...