Bank

{
  "id": "MLC-T-INS-000521",
  "term": "Bank",
  "field": "Insurance and risk management",
  "definition": "A financial institution that accepts deposits and channels these funds into lending activities, investments, and other financial services. In insurance, banks often act as distributors for insurance products through bancassurance models or provide financing for insurance premiums. They also hold reserves and manage investment portfolios for insurance companies.",
  "url": "https://mlchart.com/terminology/insurance/bank/"
}