Commercial Bank

From Open Risk Manual

Definition

Commercial Bank. A bank that provides services, such as accepting deposits, giving business loans and auto loans, mortgage lending, and basic investment products like savings accounts and certificates of deposit.

Other financial services may include procurement finance, , buying and selling foreign currency,and lending money against business security or property.

A commercial bank is a financial institution that is owned by stockholders, operates for a profit, and engages in various lending activities.

See Also

Disclaimer

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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