American Heritage® Dictionary of the English Language, Fourth Edition
- n. A bank whose principal functions are to receive demand deposits and to make short-term loans.
- n. a financial institution that accepts demand deposits and makes loans and provides other services for the public
“Upon approval of the application which could be granted if Hacienda were satisfied with La Compañía de Pildora’s profit and performance forecasts, IPI would have Morgan purchase $5,700,000 face value of Mexican government debt from a commercial bank at a discount of about 40%, or $3,420,000 net cost.”
“By February 1984, with assets exceeding baht75 million, TFB was the second largest commercial bank in Thailand with about 8,500 employees and 238 domestic and foreign branches.”
“In 1977 PROEXPO’s lending interest rate was 13%, while commercial bank rates were around 32%.”
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