Commercial bank
Definition
A commercial bank is a financial institution that accepts deposits from individuals and businesses, provides loans and credit, and offers other banking services such as checking accounts, savings accounts, and certificates of deposit.
Related terms
Checking account: A type of bank account that allows the account holder to easily withdraw funds using checks or debit cards.
Loan: Money borrowed from a lender with an agreement to repay it in the future with interest.
Savings account: A type of bank account that earns interest on deposited money while providing easy access for withdrawals.
"Commercial bank" appears in:
Subjects (1)
Intro to Business
Practice Questions (1)
Which of the following is an example of a commercial bank's role as a financial intermediary?
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About Us
About Fiveable
Blog
Careers
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Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Cram Events
Merch Shop
Crisis Text Line
Help Center
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.