20 Terms
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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
Add a new termContributors in Personal banking
Personal banking
net sales
Banking; Personal banking
Term used to describe a firm's revenue after the amount of returns, allowances, and discounts is deducted from gross revenue from the firm's principal operations.
net settlement
Banking; Personal banking
(1) For groups of financial transactions between the same counterparties, the settlement of a group of monetary transactions by delivery of only the net amount due.(2) For derivatives, a type of ...
next-day settlement
Banking; Personal banking
The agreement of a buyer and seller to exchange the security and the payment on the first business day after the trade date.
no-load
Banking; Personal banking
An expression used to describe a mutual fund that does not impose any sales charges on investors. The term "no-load" fund is sometimes used to describe a fund without either a front-end charge or a ...
no-lien contract
Banking; Personal banking
In real estate construction, this is a contract in which the subcontractors agree to give up their rights to file mechanic’s or materialman's liens.
