6 Terms
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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
Add a new termContributors in Personal banking
Personal banking
internal float
Banking; Personal banking
Elapsed time for processing checks. Also called administrative float or processing float.
A term defined by the Federal Reserve. Internal liquidity risk relates largely to funding problems arising from unfavorable changes in the perception of an institution in its various markets: local, regional, national, or international. See bank-specific liquidity risk, external liquidity risk and systemic liquidity risk. internal rate of return (IRR)
Banking; Personal banking
A measure of yield that relates the cash flow from each interest payment and the cash flow from the investment's redemption value at maturity to the purchase price of the investment. It is a present ...
International Swaps and Derivatives Association, Inc. (ISDA)
Banking; Personal banking
A global trade association representing participants in the privately negotiated (i.e., nonexchange traded) derivatives industry. Most derivatives transactions use a standard set of three documents ...
interpolation
Banking; Personal banking
The mathematical process of obtaining an unknown number that has a value between two known numbers in a series of numbers. For example, if the yields or prices for 2-, 3-, and 5-year Treasury notes ...
intrinsic value
Banking; Personal banking
That portion of an option’s value that derives from the fact that the option is in the money. The difference between exercise price of the option and the price of the underlying. The other primary ...
inventory
Banking; Personal banking
A category of goods defined by Article 9 of the Uniform Commercial Code. Inventory is goods held for sale or lease. It includes raw materials, work-in-progress, finished goods, and materials used or ...
inverse floater
Banking; Personal banking
Bonds whose coupon rates increase as rates decline and decrease as rates rise. The coupon rate is based on a formula using an index and moves in the opposite direction of changes in that index. Some ...
