1 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
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Personal banking
professional corporations
Banking; Personal banking
Entities sometimes used by doctors, lawyers, and other professionals. These entities can provide favorable tax treatment and administrative advantages and can therefore be advantageous to the ...
asset/liability management (ALM)
Banking; Personal banking
Coordinated management of all of the financial risks inherent in the business conducted by a financial institution. The process of balancing the management of separate types of financial risk to ...
assets repriced before liabilities
Banking; Personal banking
A measure of the gap between the quantity of assets repricing and the quantity of liabilities repricing within a given period of time. A simple measure of a financial institution's exposure to ...
assignment
Banking; Personal banking
Transfer of any contractual agreement between two parties. One of the parties, the assignor, transfers its rights or obligations to another party, the assignee. If interests in assets of the assignor ...
assignment of buyer's interest in land contract
Banking; Personal banking
A document used when a borrower is purchasing real estate over time under an article of agreement or land contract. The document assigns the lender all of the borrower's personal property, real ...
assignment of lease and rentals
Banking; Personal banking
A document used in real estate loans when the mortgaged property is leased to third-party tenants. If the borrower defaults, the assignment of lease and rentals gives the lender the right to receive ...
