Chartered Bank

Filed Under »
Dictionary Says

Definition of 'Chartered Bank'

A financial institution whose primary roles are to accept and safeguard monetary deposits from individuals and organizations, and to lend money out. The details vary from country to country, but usually a chartered bank in operation has obtained government permission on some level to do business in the banking sector.
Investopedia Says

Investopedia explains 'Chartered Bank'

Chartered banks provide the core financial intermediary services necessary in today's economy; individuals can easily deposit their funds into various types of accounts within a chartered bank, earning interest on their temporary savings. Chartered banks maintain a float of currency so they can process customers' daily transactions, but they lend out the majority of their deposits to individuals and commercial borrowers in an effort to stimulate economic growth.

Articles Of Interest

  1.

    What Are Central Banks?

    They print money, they control inflation, and much, much more. All you need to know about central banks is here.

  2. APR and APY: Why Your Bank Hopes You Can't Tell The Difference

    Banks use these rates to entice borrowers and investors. Find out what you're really getting.

  3. Simpler Looks Better For First Horizon

    Deprioritizing non-strategic lending and refocusing on regional banking should be good for First Horizon in the long-term.

  4. Analyzing A Bank's Financial Statements

    A careful review of a bank's financial statements can help you identify key factors in a potential investment.

  5. The Evolution Of Banking

    Banks are a part of ancient history. Find out how this system of money management developed into what we know today.

  6. The Future Of Sales Brokers

    The role of the sales broker, as a purely transaction-based salesperson, is changing. Find out what's next for this industry.

  7. Understanding The Consumer Financial Protection Bureau

    The new CFPB will try to make sure the financial products and services market is fair, transparent and competitive.

  8. 5 Ways Banks Will Pad Their Profits This Year

    Recent regulations have banks looking for new ways to make money. Find out how your banking will be affected in 2011.

  9. 8 Low-Cost Ways To Transfer Money

    If cost is your primary concern, there are several cheap(er) ways to move funds.

  10. How To Cut Your Banking Fees

    Smart consumers can side-step most of the new bank fees by investing some time and effort.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Yield Elbow

    The point on the yield curve indicating the year in which the economy's highest interest rates occur. The yield elbow is the peak of the yield curve, signifying where the highest interest rates occurred.

  2. Xenocurrency

    A currency that trades in markets outside of its domestic borders.

  3. Wanton Disregard

    A standard of severe negligence. Wanton disregard is a very serious accusation that indicates that a person behaved extremely recklessly.

  4. Ultra ETF

    A class of exchange-traded funds (ETF) that employs leverage in an effort to achieve double the return of a set benchmark.

  5. Toehold Purchase

    A purchase of less than 5% of a target company's outstanding stockmade by an acquiring company. A toehold purchase of just under 5%, while not a significant stake in a firm, allows the shareholders a "toe-holds" grip on the company and its decision making.

  6. Samurai Bond

    A yen-denominated bond issued in Tokyo by a non-Japanese company and subject to Japanese regulations.
Trading Center
http://sp.fastclick.net/ad/tr/10858-64082-15546-0?mpt=67cd54e461af2df2128c4010686d741e