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 act of holding a financial instrument, one or more portfolios of financial instruments, or one’s entire balance sheet in a way that exposes the holder to profits or losses from future changes in ...

positive convexity

Banking; Personal banking

A particular type of instability in the duration of an instrument. Positive convexity means that as yields rise, duration declines. Graphically, this is seen as a price/yield curve for which the ...

positive duration

Banking; Personal banking

(1) The name for a particular relationship between changes in the price of a debt security and changes in prevailing interest rates. When a security has positive duration, its price increases in ...

positive gap

Banking; Personal banking

A term referring to an asset-sensitive condition. A mismatch in which interest-sensitive assets exceed interest-sensitive liabilities.

positive response verification

Banking; Personal banking

A form of auditing account balances in which the account debtor is requested to respond to either confirm or dispute the balance. One of two forms of direct verification.

postclosing lien search

Banking; Personal banking

An investigation of the appropriate public records, conducted shortly after the closing of a secured transaction, to verify that the creditor’s security interest in the collateral was properly ...

preauthorized check

Banking; Personal banking

A process by which the issuer of a check gives written permission to have the check written and charged against his or her account on a predetermined basis.