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bank |
Also found in: Medical, Legal, Financial, Wikipedia, Hutchinson | 0.18 sec. |
bankInstitution that deals in money and its substitutes and provides other financial services. Banks accept deposits and make loans and derive a profit from the difference in the interest paid to lenders (depositors) and charged to borrowers, respectively. They also profit from fees charged for services. The three major classes of banks are commercial banks, investment banks, and central banks. Banking depends entirely on public confidence in the system's soundness; no bank could pay all its depositors should they simultaneously demand cash, as may happen in a panic. See also credit union; Federal Reserve System; savings and loan association; savings bank. An arrangement of identical hardware components. |
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? Mentioned in | ? References in periodicals archive | |
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The seller, who might be a bank or other credit institution with many small borrowers, offers a package of mortgages, car loans, consumer loans or even credit card loans. Hund says Rabobank's growth plans call for "looking at any opportunity that presents itself, whether it's another Farm Credit institution, whether it's portfolios from commercial banks, whether it's other finance companies, whether it's organic growth. Cedulas Hipotecarias may be issued by any credit institution who respect the few criteria mentioned above. |
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Credit institution
