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.

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We did some private banking and everything was going well for us, which meant we would all be okay in the future.

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After Bill's company was bought out and he vested his valuable stocks, he turned towards private banking to increase his investments.

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private banker tax and loan account