3 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
National Association of Securities Dealers (NASD)
Banking; Personal banking
An association of broker/dealers. The association supervises and regulates the trading and the conduct of its member organizations and the licensed brokers who work for those member organizations. ...
National Council on Government Accounting (NCGA)
Banking; Personal banking
Prior to 1984, this group and its predecessor organization were responsible for setting generally accepted accounting principals for state and local governments.
National Flood Insurance Reform Act
Banking; Personal banking
A Federal law that establishes requirements for flood insurance. Under the National Flood Insurance Reform Act of 1994, lenders taking an interest in real property are required to complete a standard ...
natural hedges
Banking; Personal banking
Balance sheet hedge activity done by altering asset and/or liability repricing characteristics or volumes to reduce the entity's interest rate risk exposure without purchasing derivative hedge ...
negative amortization
Banking; Personal banking
The increase in a loan balance resulting from a situation in which the payments due from the borrower are not sufficient to cover the full amount of the interest due. The amount of interest due that ...
negative convexity
Banking; Personal banking
A phrase use to describe a particular type of instability in the duration of an instrument. Negative convexity means that as yields rise, duration rises and as yields fall, duration falls. ...
negative covenant
Banking; Personal banking
A provision in the lender's documents that prohibits the borrower from doing something in the future. For example, a provision prohibiting the borrower from acquiring additional debt during the term ...
