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

affiliate

Banking; Personal banking

A business organization that shares some aspect of common ownership or control with another business organization.

A card that is offered jointly by two organizations. One is a credit card issuer and the other is a professional association, special interest group or other non-bank company. For example, Citibank ...

affirmative covenant

Banking; Personal banking

A provision in the lender's documents that requires the borrower to do something in the future. For example, a requirement for the borrower to provide annual audited financial statements to the bank ...

affordable growth rate

Banking; Personal banking

The maximum rate at which a firm's sales can grow without straining the capacity of the firm's capital or other financial resources. This term is closely associated with a formula of the same name.

AFMLS

Banking; Personal banking

Asset Forfeiture and Money Laundering Section, U.S. Department of Justice.

after-acquired property clause

Banking; Personal banking

A provision in a bank's documents, the purpose of which is to extend the bank's interest in the debtor's property to property not owned by the debtor at the time of the transaction but subsequently ...