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commercial bank |
Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
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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 generally are involved in arranging for the sale of corporate or municipal securities. Commercial bank. Commercial banks offer a full range of retail banking products and services, such as checking and savings accounts, loans, credit cards, and lines of credit to individuals and businesses. Most commercial banks also sell certain investments and many offer full brokerage and financial planning services. commercial bank A financial institution authorized to receive both time (savings accounts,CDs) and demand (checking accounts) deposits, to make loans of various types, to engage in trust services, to issue letters of credit, to accept and pay drafts, to rent safety deposit boxes, and to engage in similar activities and ventures. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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There are currently 13 wholly foreign-owned commercial banks in the country with a market share of 25 percent. No new foreign commercial banks have won approval to operate here for more than a decade. No new foreign commercial banks have won approval to operate here for more than a decade. |
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