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

Municipal revenue bonds that are also supported by a second source of repayment. For example, payments of an airport bond issue may depend primarily upon income generated by the airport. Those funds ...

double leverage

Banking; Personal banking

Leverage in bank holding companies that use borrowed funds to finance the holding company's equity investments in its subsidiaries.

downstream funding

Banking; Personal banking

The practice of borrowing funds at the bank holding company level. The funds are then lent by the holding company to a subsidiary.

downstream guaranty

Banking; Personal banking

A guaranty of a loan to a borrowing entity when the guarantor is a parent company or stockholder of the borrowing entity.

downward sloping yield curve

Banking; Personal banking

A yield curve depicting a situation in which yields for shorter-term maturities are higher than those for longer-term maturities. Downward sloping yield curves are atypical.

draft

Banking; Personal banking

A written order drawn by one party, called a drawer, that directs a second party (almost always a bank), called a drawee, to pay a sum of money to a third party, called the payee. For example, a ...

dragnet clause

Banking; Personal banking

A provision in a mortgage or security agreement that attempts to extend the security interest granted to the creditor to cover not only the described debt but also all other present and future ...