Sunday, August 09, 2009

Commercial Bank

•a financial institution that accepts demand deposits and makes loans and provides other services for the public

•A commercial bank is a type of financial intermediary and a type of bank. Commercial banking is also known as business banking. It is a bank that provides checking accounts, savings accounts, and money market accounts and that accepts time deposits. ...

•Bank that offers a broad range of deposit accounts, including checking, savings and time deposits and extends loans to individuals and businesses. ...

•An institution whose primary function is to make loans to businesses.

•Banks whose main business activity is taking deposits and making loans for commercial or consumer purposes. ...

•A financial institution authorized to provide a variety of financial services, including consumer and business loans (generally short-term with full recourse to the Borrower). Commercial banks may be members of the Federal Reserve System.

•An institution that accepts and manages deposits from households, firms and governments and uses a portion of those deposits to earn interest by making loans and holding securities.

•A commercial organisation that provides a variety of banking services such as loans and savings schemes

•A private bank as opposed to a central or government bank.

•State or nationally chartered lending institution owned by stockholders offering services such as demand deposits and short-term business loans.

•These are non-governmental financial institutions and are also called full-service banks because of the wide range of services they provide. Commercial banks also sell and redeem US savings bonds.

•Bank which accepts deposits from the public and lends money to businesses and consumers. Their business lending is usually for working capital ...

•A full-service institution that offers customers deposit, payment and credit services, in addition to other financial services.

•A bank, whether or not a member of the Federal Reserve System, which has access to the Federal Reserve Communications System (FRCS) or Fedwire. ...

•A financial institution chartered by a state or the federal government to receive, lend, and safeguard money and other items of value.

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