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

asked or asking price

Banking; Personal banking

The trading price proposed by the prospective seller of securities. Also called the offer or offered price.

asset-backed security (ABS)

Banking; Personal banking

A debt security collateralized by assets. Created from the securitization of any loans. (1) The phrase may describe the broad category that includes named subcategories such as securitized ...

asset sensitive

Banking; Personal banking

Describes an entity's position when an increase in interest rates will help the entity and a decrease in interest rates will hurt the entity. An entity is asset sensitive when the impact of the ...

asset/liability management committee (ALCO)

Banking; Personal banking

A committee, usually comprising senior managers, responsible for managing assets and liabilities to maximize income and safety over the long run. In a financial institution, the ALCO is usually ...

Advanced Measurement Approaches (AMA

Banking; Personal banking

One of three methods for quantifying capital required for operational risk under proposed Basel II capital rules. Banks using the Advanced Measurement Approaches must hold capital for operational ...

Funds received for goods or services prior to the delivery of the goods or services. Typically, the funds must be returned if the transaction is canceled or if the recipient of the advance fails to ...

adverse opinion

Banking; Personal banking

An opinion letter accompanying audited financial statements in which the CPA reports that the financial statements do not fairly present the financial position or the results of operations in ...