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

private placement

Banking; Personal banking

Instead of being sold to the general public after completion of an SEC registration, some bonds are sold privately, without a registration, to one or a few investors. When a bond issue is ...

Mortgage-backed securities not issued by or guaranteed by a U.S government agency or U.S. government sponsored enterprise. The mortgage loans comprising private pools are generally loans that do not ...

pro formas or pro forma statements

Banking; Personal banking

Financial information, often just balance sheets, prepared by adjusting a recent financial report to show the effect of recent or planned changes. Projected financial statements.

probability distribution

Banking; Personal banking

The mathematical function describing the probability of different events, as described by values for a variable. A symmetrical distribution (one where to values are evenly distributed around the ...