MLchartDataset catalogue

Bank

Term · Law · MLC-T-LAW-000665

A financial institution licensed by a government authority to receive deposits, make loans, and provide other financial services like currency exchange and wealth management. Banks are regulated to protect depositors' funds and maintain the stability of the financial system. In the United States, national banks are chartered and regulated by the Office of the Comptroller of the Currency (OCC).

Table 1. Record
IdentifierMLC-T-LAW-000665
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000665",
  "term": "Bank",
  "field": "Law",
  "definition": "A financial institution licensed by a government authority to receive deposits, make loans, and provide other financial services like currency exchange and wealth management. Banks are regulated to protect depositors' funds and maintain the stability of the financial system. In the United States, national banks are chartered and regulated by the Office of the Comptroller of the Currency (OCC).",
  "url": "https://mlchart.com/terminology/law/bank/"
}

Record 457 of 5,441 in Law terminology (MLC-0107). Request the full dataset.