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

availability

Banking; Personal banking

The condition in which deposited funds are available for use by the depositor. The time lag between the date of a deposit and the date it is credited to the collected balance.

Article 8

Banking; Personal banking

Portion of the UCC covering collateral interests in both physical (certificated) and book-entry (uncertificated) securities.

Article 9

Banking; Personal banking

Portion of the UCC covering security interest in most personal property other than securities.

Contractual arrangement used in some states under which a buyer purchases real estate from a seller over a period of time, usually by making periodic installment payments. Title is not conveyed to ...

Asian option

Banking; Personal banking

An option whose payoff is based upon the average value of an underlying over a specified period of time.

as-extracted collateral

Banking; Personal banking

Oil, gas, or other minerals that are subject to a security interest that is created by a debtor having an interest in the minerals either before or after extraction. A security interest can also ...