Bank

From Open Risk Manual

Definition

Bank denotes any type of depository institution, usually a corporation, that accepts deposits, makes loans, pays checks, and performs related services, for individual members of the public, businesses or other organizations.

It is usually a regulated financial institution which operated under a Banking License. The range of activities such diverse ones as commercial, retail,and investment banking.

See Also

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This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

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