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

prebid conference

Banking; Personal banking

A conference held with potential bank bidders to explain a request for proposal and answer questions.

An investigation of the appropriate public records, conducted shortly before the closing of a secured transaction, to determine the likely priority that will be received for the creditor’s security ...

preference preference period

Banking; Personal banking

A legal term used in bankruptcy to describe a transaction deemed to have occurred under circumstances favorable to the creditor that benefited from the transaction. This provision is intended to ...

preferred stock

Banking; Personal banking

A type of equity or capital representing shares of ownership in a corporation. May or may not receive distributions of corporate income in the form of dividends. Has a higher priority claim to ...

premium

Banking; Personal banking

(1) The amount by which the price for a security is greater than its par amount.(2) The amount that must be paid above the par amount for an issuer to call or refund an issue before its maturity.(3) ...

premium payer

Banking; Personal banking

Expenses that are capitalized as assets on a firm's financial statements because they will be charged against activities in the near future rather than past activities. Also called prepaid expenses, ...

prepayment estimate

Banking; Personal banking

A reasonable and supportable forecast of loan prepayments. In the case of a mortgage-backed security, it is the forecast of principal amortization caused by loan prepayments. A single prepayment ...