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Chartered Bank |
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Chartered Bank A bank that has received the appropriate regulatory approval to operate and/or to receive certain government guarantees. Banks are regulated by the laws and central banks of their home countries; normally, they must receive a charter to engage in business. A charter indicates that the bank complies and must continue to comply with appropriate regulations, such as maintaining a certain minimum capital. See also: Participating bank. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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