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

level factor amortization

Banking; Personal banking

Perhaps the best method of accounting for MBS premiums and discounts is the change in factor or level factor amortization method. Under the change in factor method, the amount of monthly premium ...

leverage

Banking; Personal banking

The amount of the owners’ or stockholders’ money relative to the money that lenders, suppliers and others have contributed to the firm. The ratio of owners' money to other peoples' money.

ISDA master agreement a.k.a. the ISDA

An industry-standard agreement used between the counterparties to privately negotiated (i.e., nonexchange traded) derivatives transactions. The body of the master agreement" presents the most common ...

issue date

Banking; Personal banking

The date on which interest for a new security issue begins accruing. For mortgage-backed bonds, the issue date of the pool is not the same as the origination date of the underlying mortgages. A pool ...

issuer

Banking; Personal banking

A party or entity that sells a security representing a claim on its assets (an equity security) or its contractual obligation to pay the holder at a future date (a debt security).

joint and several

Banking; Personal banking

A legal expression used to indicate that two or more parties each are fully liable rather than together fully liable. For example, if two individuals execute joint and several guaranties, either one ...

judgment clause

Banking; Personal banking

A provision in bank promissory notes or guaranties. In this clause, the borrowers or guarantors authorize the bank to create a judgment lien at any time after the documents have been executed. The ...