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

spreader 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 ...

Bankers almost always change the format of the borrower's financial statements to a standard format used by the bank in order to facilitate both analysis and comparisons. The process of restating the ...

staff appraiser

Banking; Personal banking

An individual qualified under Federal rules to perform real estate appraisals who is employed by and performs appraisals for the financial institution contemplating the extension of credit to be ...

stage payments

Banking; Personal banking

Advances made under construction loans when the loan proceeds are disbursed only as specific construction tasks are completed. For example, a portion of the loan proceeds may be disbursed after the ...

standard deviation

Banking; Personal banking

A statistical measure of the extent to which measurements vary from their mean. A quantification of the dispersion for a set of data. For example, if the high temperature each day in one four-day ...

standard mortgagee clause

Banking; Personal banking

A provision in a hazard insurance contract stipulating that in the event of a loss, proceeds will be paid to a secured party. Usually used when the insured property is real property. Includes ...

Standardized Approach

Banking; Personal banking

One of three methods for quantifying capital required for operational risk under proposed Basel II capital rules. Banks using the Standardized Approach must hold capital for operational risk based ...