commercial bank

commercial bank
The ordinary bank of deposit and discount, with checking accounts, as distinguished from a savings bank operating on the mutual system in which the depositors are entitled to receive the profits of the business as dividends and in which withdrawal of a deposit is made only by presentation of the customer's passbook by him at the bank, no provision being made for checking against an account. 10 Am J2d Banks § 4.

Ballentine's law dictionary. . 1998.

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