Keyword Analysis & Research: charter definition bank

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What does it mean to charter a bank?

A bank charter is an official document permitting a banking company to commence business as a bank. It authorizes banking operations. A bank charter includes the articles of incorporation and the certificate of incorporation.

What is chartering of banks?

A chartered bank is often associated with a commercial bank . A chartered bank is a financial institution engaged in the business of providing monetary transactions , such as safeguarding deposits and making loans. Most chartered banks have received their government's permission to operate in the financial services industry.

What does bank charter mean?

Noun. 1. bank charter - a charter authorizing the operation of a bank. charter - a document incorporating an institution and specifying its rights; includes the articles of incorporation and the certificate of incorporation. Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.


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