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

assignment of seller's interest in land contract

Banking; Personal banking

A document used in real estate loans when the mortgaged property is subject to a land contract or article of agreement under which it is being sold over time to a third party. If the borrower ...

Association of Financial Professionals

Banking; Personal banking

A national organization for finance professionals that provides educational, and certifications programs, research programs, standards development, and government relations activities.

As applied to mortgage loans, assumable means that a borrower who sells his or her home may transfer the outstanding mortgage loan secured by that dwelling to the new buyers. The new buyers are said ...

assumed name

Banking; Personal banking

Name used by a proprietorship, partnership, or corporation to conduct business that is different from the legal name of the proprietorship, partnership or corporation. Sometimes an assumed name is ...

asymmetric behavior

Banking; Personal banking

Unbalanced behavior exhibited by financial instruments, the rates or values of which do not change in proportion to changes in market rates. For example, increases in the prime rate quickly reflect ...

at the money

Banking; Personal banking

The situation in which the current market price, the spot price, of an underlying instrument is equal to the strike or exercise price of an option to buy or sell that instrument.

attachment

Banking; Personal banking

A procedure established by Article 9 of the UCC. Creditors must comply with this procedure in order to obtain a security interest in property owned by a debtor. Alternatively or in addition, the ...