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

The amount of interest income minus interest expense, usually expressed as a percentage. The net interest margin percentage is calculated by dividing interest income less interest expense by average ...

novation

Banking; Personal banking

(1) The substitution of an existing debt with a newer debt.(2) An agreement to substitute an existing party to a contract with a new party. All of the original parties to the contract must agree to ...

NRSRO

Banking; Personal banking

Acronym used by the Securities Exchange Commission (SEC) and by banking and securities regulators to refer to nationally recognized statistical rating organizations. The most well known NRSROs are ...

obligor

Banking; Personal banking

Any party with an obligation to discharge; usually used to refer to a borrower.

off-balance sheet

Banking; Personal banking

A term used to describe contingent liabilities, contingent assets, and commitments that are legally binding but are not assets or liabilities shown on the balance sheet under GAAP. Examples include ...

off-the-run

Banking; Personal banking

A term used to describe all but the most recently issued treasury or agency securities in a particular maturity class. For example, at any given time, there may be a number of U.S. Treasury security ...