Bank is an institution that acts as a financial intermediary by receiving money from depositors and lenders and also lending to borrowers. A bank must be chartered and meet certain criteria. Chartering is done by the Comptroller of the Currency for national banks, by the Federal Reserve System for state member banks, by the Federal Deposit Insurance Corporation (FDIC) for insured banks, and by state regulatory agencies. Also referred to as a commercial bank.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). bank. Retrieved September 20, 2026, from http://smartdefine.org/bank/definitions/1148313 |
| Chicago | Barry Goldsmith. 2010. "bank" http://smartdefine.org/bank/definitions/1148313 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, bank, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/bank/definitions/1148313>. |
| MLA | Barry Goldsmith. "bank" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/bank/definitions/1148313> |