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
- Banking Business Models
- Barron's Dictionary of Banking Terms, Sixth Edition, 2012
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.
