commercial bank
noun
Pronunciation: kəˈmɜːrʃəl bæŋk
Definition
A financial institution that accepts deposits from the public, provides checking and savings accounts, and makes loans to individuals and businesses.
Examples
Most people rely on a commercial bank to manage their daily finances and household savings.
The small business owner visited a local commercial bank to secure funding for her new storefront.
Regulatory changes have forced every major commercial bank to increase its capital reserves to protect against economic downturns.
Synonyms of commercial bank
Words with a similar meaning to commercial bank:
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