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

intangibles

Banking; Personal banking

An informal term used by secured lenders to refer to the categories of personal property defined by Article 9 of the Uniform Commercial Code as accounts and general intangibles.

intercompany eliminations

Banking; Personal banking

Accounting entries made on consolidating statements in the process of generating consolidated financial statements. Intercompany eliminations cancel the accounting effects of transactions between ...

(1) A monetary benefit paid by a borrower for the right to use a lender’s or a depositor’s funds. Usually, the interest is paid periodically over the life of the loan, deposit, or security. However, ...

interest-coverage ratio

Banking; Personal banking

A ratio that uses historical financial information. sometimes combined with projected financial information, to measure a firm's short-term credit strength. This ratio measures the firm's ability to ...

interest-only strip (I/O)

Banking; Personal banking

A form of stripped mortgage-backed security (MBS) that only passes interest payments received from the underlying mortgage loans to the security owners. May be a real estate mortgage investment ...

interest rate risk (IRR)

Banking; Personal banking

The potential that changes in market rates of interest will reduce earnings and/or capital. The risk that changes in prevailing interest rates will adversely affect assets, liabilities, capital, ...

interest rate swap

Banking; Personal banking

A financial instrument representing a transaction in which two parties agree to swap or exchange net cash flows, on agreed-upon dates, for an agreed-upon period of time, for interest on an ...