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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
allowances
Banking; Personal banking
Reductions to gross sales that occur when customers are given partial credit for sold goods that the buyer is not satisfied with. An accounting term usually used together with returns.
ALT-A
Banking; Personal banking
A classification used to describe residential mortgage loans that are considered to be slightly less risky than "subprime" loans. The loan structure and/or the borrower's credit score are typically ...
alternative minimum tax (AMT)
Banking; Personal banking
A federal income tax applied to individuals and corporations that take advantage of tax benefits in amounts that are large relative to their incomes. Investors subject to AMT lose the benefits of the ...
amendment
Banking; Personal banking
A revision to a document. A UCC financing statement can be amended by filing a designated amendment form, usually UCC-3.
American depository receipt (ADR)
Banking; Personal banking
Trust receipts equal to a specific number of shares of corporate stock issued in a foreign country. ADRs are sold and traded in the United States.
American Institute of Certified Public Accountants (AICPA)
Banking; Personal banking
The national association that represents certified public accountants in business and industry, public practice, government, and education.
American option or American-style option
Banking; Personal banking
An option that the holder can exercise any time prior to and including the expiration date.
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