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. Anderson, W.S.. 1998.
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 — noun Date: 1910 a bank organized chiefly to handle the everyday financial transactions of businesses (as through demand deposit accounts and short term commercial loans) … New Collegiate Dictionary
commercial bank — A privately owned bank that provides a wide range of financial services, both to the general public and to firms. The principal activities are operating cheque current accounts, receiving deposits, taking in and paying out notes and coin, and… … Accounting dictionary
commercial bank — A privately owned bank that provides a wide range of financial services, both to the general public and to firms. The principal activities are operating cheque current accounts, receiving deposits, taking in and paying out notes and coin, and… … Big dictionary of business and management
