Commercial Bank Definition

Commercial banks are open to the public and serve.

Commercial bank definition. Britain raised commercial bank lending rates to 15 percent in an effort to defend the pound from further declines. A commercial bank is a financial institution which performs the functions of accepting deposits from the general public and giving loans for investment with the aim of earning profit. A commercial bank is a financial institution that accepts deposits offers checking and savings account services and makes loans. A bank with branches in many different places that offers services to people and businesses for example keeping money in accounts and lending money.

Want to learn more. A commercial bank is a bank that takes deposits from and makes loans to individuals and companies. Along with that it provides a range of financial services to the general public such as accepting deposits granting loans and advances to the customers. 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.

After the crash of 1929 commercial banks were barred from doing investment banking business. Commercial bank can be described as a financial institution that offers basic investment products like a savings account current account etc to the individuals and corporates. A bank whose principal functions are to receive demand deposits and to make short term loans. Commercial bank synonyms commercial bank pronunciation commercial bank translation english dictionary definition of commercial bank.

A commercial bank is a financial institution open to the public for such common transactions as accepting deposits and lending money. Commercial bank definition is a bank organized chiefly to handle the everyday financial transactions of businesses as through demand deposit accounts and short term commercial loans. Improve your vocabulary with english vocabulary in use from cambridge.