Commercial bank
Commercial bank is the financial institution that is the traditional department store of finance serving a variety of savers and borrowers.
Definitions
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Commercial bank. The traditional department store of finance serving a variety of savers and borrowers.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
