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

self-assessment

Banking; Personal banking

A risk evaluation approach. A subjective process of identifying risks, assessing the likelihood that they will occur and estimating the impact if they do occur. Although self assessment can be ...

self-contained appraisal report

Banking; Personal banking

One of three types of real estate appraisal reports defined under Uniform Standards of Professional Appraisal Practice rules. A self-contained appraisal report is the most detailed of the three ...

senior debt

Banking; Personal banking

Obligations of an issuer for which repayment has contractually been given a priority that is higher than the repayment priority of other debts of the same obligor. This arrangement may arise from ...

Senior Residential Appraiser (SRA)

Banking; Personal banking

A designation earned by qualifying residential real estate appraisers. It is awarded by the Appraisal Institute.

sensitivity test sensitivity analysis

A single variant test to see how dependent a forecast, projection or stress test outcome is upon a single, selected variable or assumption. For example, a bank AL manager might perform a sensitivity ...

sequential-pay REMIC

Banking; Personal banking

The most basic, simplest REMIC structure. All investors owning a sequential-pay REMIC receive interest payments; however, the principal received from the underlying mortgages is directed to repay ...

serial bond

Banking; Personal banking

A bond that provides for the amount of debt to be divided into a series of different staggered maturities. For example, instead of issuing$10 million of 15-year bonds, a municipality may issue $10 ...