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

Add a new term

Contributors in Personal banking

Become a Contributors

Personal banking

dividend received deduction (DRD)

Banking; Personal banking

Federal tax law allows a C corporation investing in the stock of other corporations to take a tax deduction for the dividend income received from other corporations. This tax treatment applies to ...

(1) Part of a corporation's profits that are distributed to shareholders rather than kept by the corporation in retained earnings.(2) The interest expense paid out by mutual financial institutions ...

DK

Banking; Personal banking

Acronym for "Don’t Know." A security is said to be "DK'd" when it is delivered to the purchaser or more typically the purchaser's correspondent but is rejected because the purchaser either doesn't ...

documents

Banking; Personal banking

A category of personal property defined by Article 9 of the UCC. Documents are written evidence of title such as bills of lading, warehouse receipts, and dock receipts. To be a document of title, it ...

doing business as (d.b.a.)

Banking; Personal banking

Designation, usually following a name, indicating that a name used by a business is not the legal name of the entity doing business but is an assumed name or trade name instead.

dollar roll

Banking; Personal banking

A short-term funding technique used for mortgage pass-through securities. A seller of a roll agrees to sell a mortgage security at an agreed-upon price on a specified date and to buy back a similar ...

dominion of funds

Banking; Personal banking

A form of receivable lending in which the bank requires that the borrower give the bank control over the borrower's accounts receivable collections. Dominion is a legal term meaning control. This ...