commercial bank
Definition
Privately owned financial institution which (1) accepts demand and time deposits, (2) makes loans to individuals and organizations, and (3) provides services such as documentary collections, international banking, trade financing. Since a large proportion of a commercial bank's deposits is payable on demand, it prefers to make short-term loans instead of the long-term ones (which are handled by organizations such development finance companies and home mortgage companies).
commercial bank is in the Banking, Commerce & Finance subject.
commercial bank appears in the definitions of the following terms:
repo,
Glass-Steagall Act,
credit union,
captive bank,
monetary system,
trust bank,
bank rate,
World Bank,
central bank,
repo rate
and
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