Template:Bankcreditinstitution: Difference between revisions

'''[[Bank/Credit Institution]]''': A legal entity, which may be organized as a corporation, partnership or in some other form, that conducts commercial banking activities, that is, whose core business typically involves (a) taking deposits from private individuals and/or corporate entities and (b) making loans to private individual and/or corporate borrowers. This type of entity is sometimes referred to as a "[[commercial bank]]” or, if its business also includes investment banking and trading activities, a "[[universal bank]]". (If the entity only conducts investment banking and trading activities, then it falls within the "[[Investment Firm/Broker Dealer]]” category below.) This type of entity is referred to as a "[[credit institution]]” in [[European Community]] (EC) legislation. This category may include specialised types of bank, such as a mortgage savings bank (provided that the relevant entity accepts deposits and makes loans), or such an entity may be considered in the local jurisdiction to constitute a separate category of legal entity (as in the case of a building society in the United Kingdom (UK). <br>{{c2|Netting|Entities}}