Business of banking definition

Business of banking means the business generally done by banks.
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Business of banking means engaging in the regular business of soliciting, receiving, or accepting money or its equivalent for deposit, and any other business generally done by banks.
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Business of banking means the business of a person who as set out in article 2A accepts deposits of money from the public withdrawable or repayable on demand or after a fixed period or after notice or who borrows or raises money from the public (including the borrowing or raising of money by the issue of debentures or debenture stock or other instruments creating or acknowledging indebtedness), in either case for the purpose of employing such money in whole or in part by lending to others or otherwise investing for the account and at the risk of the person accepting such money;
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Examples of Business of banking in a sentence

  • Business of banking" or "business of financial institutions" means soliciting, receiving or accepting of money or its equivalent on deposit and the loaning of money as a regular business by any person.[PL 1975, c.

  • Business of banking" or "business of financial institutions" means soliciting, receiving or accepting of money or its equivalent on deposit and the loaning of money as a regular business by any person.[ 1975, c.

  • Business of banking as defined in Section 5(b) of the BR Act, includes providing loans inter alia by a banking company, through online mode or otherwise.

  • Bank Bjb Tbk Company.Management Performance Business of banking is a framework of business management designed to achieve excellences in the organization with a lift and rise above the competition at all levels and focusing on customers, people, supplier focus and services, financial and exchange markets, productivity, effectiveness and efficiency of the organization, as well as leadership, managemet procesess and supplier partnership focus responsibility (Vincent K.O., and Joel E.

  • Business of banking, authorized by §24(7th), includes Leasing, when in the light of all relevant circumstances the transaction constitutes a loan of money secured by the leased property (easier to arg incidental to BB than incidental to incidental) c.


More Definitions of Business of banking

Business of banking means receiving or accepting money on deposit, and may include the performance of related activities that are not exclusive to banks, including paying drafts or checks, lending money or any other activity authorized by applicable law. "Business of banking" shall not include any activity conducted by a student bank.
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Business of banking means engaging in the regular
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Business of banking means the business of a person who accepts deposits of money from the public withdrawable or repayable on demand or after a fixed period or after notice or who borrows or raises money from the public (including by the issue of debt securities), in either case for the purpose of lending such money to others or investing the said sums for its own account and risk. The activity will be caught whether the person does so as principal or as agent and if carried out as a regular feature of his business. The solicitation of deposits is likewise caught.
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Business of banking means the business of receiving deposits of money from the public on current account or deposit account which may be withdrawn on demand, by cheque, draft or order, and generally the undertaking of any business appertaining to the business of commercial banking including the performance of the functions and duties of a trustee, administrator, executor or attorney;
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Business of banking means activities and transactions involving banking, including: (A) receiving deposits, paying checks, and lending money; (B) activities of a bank which are supervised by the Commissioner; and (C) activities incidental, necessary, or convenient to banking.
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Related to Business of banking

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and the sale of homes and related real estate activities, including the provision of mortgage financing or title insurance.

  • Inactive business operations means the mere continued holding or renewal of rights to property previously operated for the purpose of generating revenues but not presently deployed for such purpose.

  • Active business operations means all business operations that are not inactive business operations.

  • banking business means the business of accepting deposits withdrawable or repayable on demand or after a fixed period or after notice and the employment of those deposits, in whole or in part, by lending or any other means for the account and at the risk of the person accepting the deposits;

  • Financial Services means any service of a financial nature, including (but not limited to) —

  • Business operations means engaging in commerce in any form, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.

  • Business organization means an individual, partnership, association, joint stock company, trust, corporation or other legal business entity or successor thereof.