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

synthetic hedges

Banking; Personal banking

A somewhat out-of-date term for capital markets hedges. Hedges that use derivatives.

Liquidity risk arising from causes external to the entity. Systemic liquidity requirements can take a number of forms:(1) Macro economic corrections. These may be recessions or credit crunches. They ...

takedown period

Banking; Personal banking

A time period during which a borrower is permitted to draw down (i.e., request and receive advances from) the proceeds of a loan.

takeout commitments

Banking; Personal banking

Legally binding commitments made by end lenders to construction lenders. The end, or permanent, lender commits to providing financing to the property owner that will pay off the construction loan. ...

tangible equity or tangible net worth

Banking; Personal banking

Terms used to describe the amount of owners' or stockholders' equity after deduction of intangible assets. Total assets minus intangible assets minus total liabilities.

targeted amortization class (TAC) tranche

Banking; Personal banking

Bonds created in scheduled-pay CMO structures. A TAC tranche is structured to avoid prepayment volatility. Each TAC has a designated target speed. When prepayments exceed the targeted speed, the ...