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.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • commercial bank — Bank that offers a broad range of deposit accounts, including checking, savings and time deposits and extends loans to individuals and business. Commercial banks can be contrasted with investment banking firms, such as brokerage firms, which… …   Financial and business terms

  • commercial bank — see bank Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • commercial bank — commercial banks N COUNT A commercial bank is a bank which makes short term loans using money from current or checking accounts …   English dictionary

  • commercial bank — n. a bank primarily concerned with accepting demand deposits, used as checking accounts …   English World dictionary

  • Commercial bank — After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate… …   Wikipedia

  • commercial bank — a bank specializing in checking accounts and short term loans. [1905 10] * * * Bank that makes loans to businesses, consumers, and nonbusiness institutions. Early commercial banks were limited to accepting deposits of money or valuables for… …   Universalium

  • Commercial Bank — A financial institution that provides services, such as accepting deposits, giving business loans and auto loans, mortgage lending, and basic investment products like savings accounts and certificates of deposit. The traditional commercial bank… …   Investment dictionary

  • Commercial Bank Cameroon — Industry Finance Founded 1997 Headquarters Douala, Cameroon Key people Yves Michel Fotso, President Jean Pierre Coti, Director General …   Wikipedia

  • Commercial Bank of Africa — Industry Banking Founded 1962 Headquarters Upper Hill, Nairobi, Kenya Key people Mirabeau Da Gama Rose, Chairman Isaac Awuondo, Managing Director Products …   Wikipedia

  • Commercial Bank of Africa (Tanzania) — Type Private Industry Financial Services Founded 1962 Headquarters Dar es Salaam, Tanzania Key people Nehemiah Kyando Mchechu …   Wikipedia

  • Commercial Bank Group — Type Private Industry Banking and Finance Founded 1997 Headquarters Douala, Cameroon Products Loans, Mortgages Investments, Debit cards, Credit Cards …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”