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BankAn institution which:takes deposits from individuals, companies, organisations etc. and provides them with various financial servicespays interest on deposits, which may be fixed or variable, but which usually vary according to the amount of money deposited and the amount of time it stays in the accountmakes loans and charges interest on themBanks operating in the UK, formerly regulated by the Bank of England, are now authorised and supervised by the Financial Services Authority. In the USA, banks are regulated under the Federal Reserve System.Similar MatchesTrustee in bankruptcyTrustee in bankruptcyAn appointed trustee who supervises and administers the affairs of a bankrupt company or individual. Merchant bankMerchant bankA British term for a bank that specializes not in lending out its own funds, but in providing various financial services such as accepting bills arising out of trade, underwriting new issues, and providing advice on acquisitions, mergers, foreign exchange, portfolio management, etc. BankruptBankruptOne who is adjudicated a bankrupt by a court having proper jurisdiction. The bankruptcy may be voluntary (petitioned by the bankrupt) or involuntary (petitioned by the creditors of the bankrupt). Federal Intermediate Credit BankFederal Intermediate Credit BankA bank sponsored by the federal government to provide funds to institutions making loans to farmers. Bankruptcy chargeBankruptcy chargeThis is an investigation carried out by the Land Charges Registry to check if a purchaser is or has ever been bankrupt. Most mortgage lenders will insist on this search being carried out and it usually carries a small charge. Further SuggestionsSociety for Worldwide Interbank Financial Telecommunications (SWIFT)World Bank Bank holding company Girobank plc Bankruptcy view Riegle Neal Interstate Banking and Branching Efficiency Act of 1994 banker's reference Development bank Trustee In Bankruptcy London interbank offered rate Opening Bank Consortium banks mutual savings bank Collecting Bank Federal Land Bank Bundesbank Issuing bank Bank draft Bankmail clearing house interbank payment system Permissiable nonbank activities State bank Mutual savings bank Regional bank Eurobank |
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