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commercial bank
noun
: a bank organized chiefly to handle the everyday financial transactions of businesses (as through demand deposit accounts and short-term commercial loans)
Examples of commercial bank in a Sentence
Recent Examples on the Web
The federal funds rate is the target interest rate at which commercial banks borrow and lend their extra reserves to one another overnight.
—Daniel R. Depetris, Newsweek, 24 Nov. 2024
Money And Messaging The RBA’s paper explores the merits of a retail central bank digital currency (CBDC) in Australia, focusing on the extent to which consumers would value having access to a digital form of money that is even safer and potentially more private than commercial bank deposits.
—David G.w. Birch, Forbes, 31 Oct. 2024
In recent weeks, the country has unveiled a raft of stimulus measures, including freeing commercial banks to lend more money and making borrowing cheaper.
—Chris Lau, CNN, 12 Oct. 2024
Like most credit cards, this particular store card is sponsored by a big commercial bank.
—Ivan Illan, Forbes, 23 Oct. 2024
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Word History
First Known Use
1910, in the meaning defined above
Dictionary Entries Near commercial bank
Cite this Entry
“Commercial bank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/commercial%20bank. Accessed 2 Dec. 2024.
Kids Definition
commercial bank
noun
: a bank that accepts deposits that can be withdrawn without notice and creates credit through loans mainly to businesses
Legal Definition
commercial bank
see bank
More from Merriam-Webster on commercial bank
Britannica.com: Encyclopedia article about commercial bank
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