What is a bank?

In everyday usage the term bank covers many different types of financial institutions. In addition to banks in the legal sense, people use it to mean a trust company, a savings bank, a savings and loan, a credit union, a thrift, a thrift and loan and some other specialized types of financial institutions.

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Investment Terms A-K

The terminology surrounding investments can often be confusing; and it can be difficult to remember what all the investment jargon means. Click here for a list of definitions to common investment terms from A to Z.

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Investment Terms L-Q

The terminology surrounding investments can often be confusing; and it can be difficult to remember what all the investment jargon means. Click here for a list of definitions to common investment terms from A to Z.

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What are the different types of financial institutions?

While each of the banks may seem similar, they enjoy different rights, have different powers and obligations, and may have different tax obligations. For example, savings and loans are required to invest more of their assets in mortgages than banks. Pure trust companies manage and administer trust funds of individuals and pension plans, but do not take deposits. Credit unions have some unique tax advantages.

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