9 Terms
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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 termContributors in Personal banking
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 ...
private pool private label
Banking; Personal banking
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 ...
proceeds
Banking; Personal banking
Money or property received when collateral is sold, exchanged, or collected.
processed goods
Banking; Personal banking
Goods that become part of a product or mass of goods. An example is the flour used to bake bread.
processing float
Banking; Personal banking
The internal processing time that an organization takes to prepare a receipt for a deposit or an invoice for payment.
