commercial bank
Definition
An institution which accepts deposits, makes business loans, and offers related services. Commercial banks also allow for a variety of deposit accounts, such as checking, savings, and time deposit. These institutions are run to make a profit and owned by a group of individuals, yet some may be members of the Federal Reserve System. While commercial banks offer services to individuals, they are primarily concerned with receiving deposits and lending to businesses.
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Related Terms
bank, investment bank, Federal funds, prime rate, consumer bank
'commercial bank
' appears in the definitions of these terms on BusinessDictionary.combank rate, repo rate, trust bank, trust department, World Bank, and 
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