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

shiftability theory of liquidity

Banking; Personal banking

An explanation of bank liquidity that holds that a bank’s capacity to meet liquidity demands is related to the volume of its assets that can be readily shifted to another bank.

A financial performance metric that attempts to measure the benefit created for a firm's capital holders. It is expressed in dollar terms for a period - not as a percentage return ratio. SVA is an ...

short

Banking; Personal banking

(1) noun — The position of an investor who sells, or commits to sell, a security in either the cash or futures markets. For example, the sale of an interest rate future is a commitment to deliver ...

short sale

Banking; Personal banking

The sale of security that is not owned by the seller. The seller borrows the security, sells it, and then buys it at a later date to return it to the lender. The purpose of a short sale is to attempt ...

single monthly mortality rate (SMM)

Banking; Personal banking

A measure of the amount of monthly principal reduction in excess of the scheduled monthly principal payment. The SMM is simply the amount of prepaid principal in a given month expressed as a ...

single-payment loan

Banking; Personal banking

Another name for a time or balloon loan. A closed-end loan that does not require periodic principal payments. Instead, the full amount is due at maturity.