private banking
Definition
The providing of banking services to very wealthy individuals and families. Many financial services firms require a person or family to have a certain minimum net worth to qualify for private banking services.
Use private banking in a sentence
“ The idea was for us to reach out to find a private banking relationship to help us reach our goals. ”
“ We did some private banking and everything was going well for us, which meant we would all be okay in the future. ”
“ After Bill's company was bought out and he vested his valuable stocks, he turned towards private banking to increase his investments. ”
