Term
| Banks are Financial Institutions that: |
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Definition
1)Issue transactions and non-transaction accounts
2) Make loans and buy securities |
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Term
| Commercial Banking Services: Provide Funding |
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Definition
Comsumer installment loans
Concumer cash loans
Consumer mortgages
Construction loans
Commercial credit
Business term loand
Lease financing
Standby credit guarantees
Acceptance financing
Security purchases |
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Term
| Commercial Banking Services: Provide For Safekeeping of Funds |
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Definition
Savings deposits
Time deposits
Interest bearing checking accounts
Money market deposits
Safe deposit boxes |
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Term
| Commercial Banking Services: Provide Other Services |
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Definition
Wire transfer services
Cash management services
Payroll accounting services
Discount brokerage services
Financial planning and counseling
Credit life insurance
Trust services
Underwriting services |
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