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

data mining

Banking; Personal banking

Obtaining information about customers or groups of customers from a data warehouse for marketing or other purposes.

A computerized database composed of data extracted from the data processing and accounting systems used for various bank deposit, loan, and other customer products. Typically, data is extracted from ...

dated billings

Banking; Personal banking

Receivables created by invoices that do not require the account party to pay until some date in the future. Sometimes called datings.

daylight overdraft

Banking; Personal banking

A negative position in a bank's Federal Reserve account that occurs at any time during the business day.

days inventory

Banking; Personal banking

The level of inventory expressed as its equivalent in days of a portion of cost of goods sold for the year. Calculated by multiplying inventory by 365 and then dividing that product by cost of goods ...

days payables

Banking; Personal banking

The level of accounts payable expressed as its equivalent in days of a portion of cost of goods sold for the year. Calculated by multiplying accounts payable by 365 and then dividing that product by ...

days receivables

Banking; Personal banking

The level of accounts receivable expressed as its equivalent in days of a portion of net sales for the year. Calculated by multiplying accounts receivable by 365 and then dividing that product by net ...