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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 | '''[[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 [[loan|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 bank|investment banking]] and trading activities, a “[[universal bank]]”. (If the entity only conducts [[Investment bank|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}} |