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 risk that the market value of an asset or liability will change adversely. One of nine risks defined by the OCC. The OCC defines price risk as the risk to earnings or capital arising from adverse ...

primary market

Banking; Personal banking

The issuance (sale) of new securities. As distinguished from the secondary market.

primary reserves

Banking; Personal banking

For a bank, assets considered to be the primary source of extra liquidity. Primary reserves are usually defined to be cash on hand, balances on deposit with the Federal Reserve Bank, and balances due ...

principal

Banking; Personal banking

The remaining balance owed on a loan by a borrower or on a security by its issuer, exclusive of any accrued interest.

principal component analysis (PCA)

Banking; Personal banking

A mathematical tool used to reduce the number of variables while retaining the original variability of the data The first principal component accounts for as much of the variability in the data as ...

principal-only strip (P/O)

Banking; Personal banking

A form of stripped mortgage-backed security that only passes principal payments received from the underlying mortgage loans to the security owners. May be a REMIC tranche.

prior service costs

Banking; Personal banking

Costs that arise from amendments to defined benefit pension plans that retroactively increase benefits. In rare cases, retroactive amendments that decrease benefits can create negative prior service ...