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

An agreement perfecting a creditor's interest in a securities account while allowing the securities to remain registered in the name of the owner. An account control agreement is used to establish a ...

agency fund

Banking; Personal banking

A fund normally used to account for assets held by a government as an agent for individuals, private organizations or other governments, and/or other funds. The agency fund also is used to report the ...

aging

Banking; Personal banking

A report or schedule of all outstanding accounts payable or accounts receivable that lists all account debtors or creditors by name, shows the total amount due to each debtor, and shows how much of ...

a.k.a.

Banking; Personal banking

Initials for "also known as". A designation used to denote an alternative name for a person, business or organization.

ALLL

Banking; Personal banking

An acronym for allowance for loan and lease losses.

allonge

Banking; Personal banking

A paper attached to negotiable instruments for signatures when there isn't enough room on the instruments themselves for the signatures.

allowance for doubtful accounts

Banking; Personal banking

A reserve for accounts receivable that may not be collectable. The allowance is always shown as a reduction from gross receivables used to calculate net receivables. An example of a contra-asset ...