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 term

Contributors in Personal banking

Become a Contributors

Personal banking

Options whose exercise is influenced by the historical trend in interest rates in addition to the current level of interest rates. The exercise of a path dependent option is influenced by whether or ...

patriot Act

Banking; Personal banking

Short name for the "Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001" ("USA PATRIOT Act"). The Patriot Act was signed by ...

payable-through-draft (PTD)

Banking; Personal banking

A form of check that is written on an organization other than a bank but is payable through banks. Credit union "checks" are actually PTDs. PTDs are recognized as disbursements after they clear, not ...

payee processing float

Banking; Personal banking

Time between when a payment is received and when the funds are deposited. When employees hold their paychecks over a weekend and when vendors process receipts only once a week, the payor benefits ...

paying agent

Banking; Personal banking

An entity responsible for paying bond principal and interest on behalf of the debtor.

payment bond

Banking; Personal banking

A type of insurance purchased by a builder that protects both the bank and the owner by providing that the insurance company will be responsible for payments due to laborers and other parties who ...