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

Add a new term

Contributors in Personal banking

Become a Contributors

Personal banking

A term defined by the Office of Comptroller of the Currency (OCC) (12 CFR 1) and used in its investment regulation to define eligible investments. Investment grade means a security that is rated in ...

investment premium (for convertible bonds)

Banking; Personal banking

The amount by which it’s the convertible bond’s market price exceeds its value as a bond only, expressed as a percentage. The calculation is done by subtracting the investment value from the market ...

investment security

Banking; Personal banking

As defined by the Office of the Comptroller of the Currency (OCC) (12 CFR 1), a marketable debt obligation that is not predominantly speculative in nature. A security is not predominantly speculative ...

investment value (for convertible bonds)

Banking; Personal banking

The value of a convertible bond calculated as a straight bond without giving any value to the conversion feature. Although this is done according to normal bond calculations, the rate used to ...

indirect costs

Banking; Personal banking

In cost accounting applications, the share of costs imputed, attributed or allocated to the cost center or product being measured.

indirect leases

Banking; Personal banking

A form of lease financing in which the bank acquires or finances a lease transaction entered into by an end user and a third party. The third party is the lessor and the end user is the lessee. The ...

Industrial Development Authority (IDA)

Banking; Personal banking

Special types of municipal authorities established to promote economic development in their communities. A community establishes an Industrial Development Authority to act as a conduit. The authority ...