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

(1) The process of making regular, periodic decreases in the book or carrying value of an asset. For example, when a bond is purchased at a price above 100, the difference between the purchase price ...

amortization period

Banking; Personal banking

For financial instruments, the time from the inception of a loan or investment instrument with scheduled principal repayments to the due date of the final contractually obligated principal repayment. ...

amortizing swap

Banking; Personal banking

An interest rate swap with a declining notional principal.

annual percentage rate (APR)

Banking; Personal banking

The total financing costs associated with a loan on an annualized basis, divided by the amount borrowed. As defined by Federal Reserve Regulation Z and the Truth-in-Lending Act, this is a precisely ...

annual percentage yield (APY)

Banking; Personal banking

A precisely calculated measure of yield paid on a bank deposit account.

annuities

Banking; Personal banking

Contracts that guarantee income, often for an individual's lifetime, in exchange for a lump sum or periodic payment. Annuity contracts have a number of standard variants, including deferred, fixed, ...

anticipated income doctrine of liquidity

Banking; Personal banking

An explanation of bank liquidity developed by Herbert Prochnow, in which the net cash flow of bank borrowers, rather than subsequent new borrowings, is seen as the true source of loan repayments. ...