bank

Definition
An organization, usually a corporation, chartered by a state or federal government, which does most or all of the following: receives demand deposits and time deposits, honors instruments drawn on them, and pays interest on them; discounts notes, makes loans, and invests in securities; collects checks, drafts, and notes; certifies depositor's checks; and issues drafts and cashier's checks.




bank is ...
... part of the
Banking and Lending & Credit subjects.


Related Terms

account -
member bank -  More
money order -  More
certified check, Brokered CD, credit, commercial credit, Central Bank, commercial bank, commercial paper, depository, Glass-Steagall Act, institution  and  


bank appears in these other terms

banking syndicate, trustee in bankruptcy, investment banking, wholesale banking, Banking Act of 1933, retail banking, banking, consumer bank, land banking, banking book and  


bank appears in the definitions of these other terms on BusinessDictionary.com

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