We found 1 definitions of banking concern from 1 different sources.
Noun |
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banking concern - a financial institution that accepts deposits and channels the money into lending activities; "he cashed a check at the bank"; "that bank holds the mortgage on my home" | ||
depository financial institution, bank, banking company | ||
financial institution, financial organisation, financial organization an institution (public or private) that collects funds (from the public or other institutions) and invests them in financial assets | ||
banking industry, banking system banks collectively | ||
credit union a cooperative depository financial institution whose members can obtain loans from their combined savings | ||
federal reserve bank, reserve bank one of 12 regional banks that monitor and act as depositories for banks in their region | ||
agent bank a bank that acts as an agent for a foreign bank | ||
commercial bank, full service bank a financial institution that accepts demand deposits and makes loans and provides other services for the public | ||
state bank a bank chartered by a state rather than by the federal government | ||
lead bank, agent bank a bank named by a lending syndicate of several banks to protect their interests | ||
member bank a bank that is a member of the Federal Reserve System | ||
merchant bank, acquirer a credit card processing bank; merchants receive credit for credit card receipts less a processing fee | ||
acquirer the financial institution that dispenses cash in automated teller machines and collects a fee from the bank that issued the credit card | ||
thrift institution a depository financial institution intended to encourage personal savings and home buying |