GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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38% - Moderately

Commercial Banking


Synonyms:corporate banking, service provider
Filed Under: financial-banking
Tags: banking
 

Definition of commercial banking

commercial banking
1. Commercial banking centres serve small- and medium-sized businesses such as franchising, leasing and cash management services.

Related Terms and Acronyms:

  • bank   An institution that acts as a financial intermediary by receiving money from depositors and lenders and also lending to borrowers.
  • commercial bank (CB)   A financial institution that provides a broad range of services, from chequing and savings accounts to business loans and credit cards.
  • corporate banking   Banking services for large firms.
  • franchise   The right to sell products or services under a corporate name or trade mark (established by someone else). This right is usually purchased for cash in addition to a royalty fee on, or a percentage of, all sales.
  • International Chamber of Commerce (ICC)   A world business organization that brings business people and experts together to formulate policies in such areas as banking, taxation and the environment.

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