Encyclopedia > Banking license

  Article Content

Banking license

A banking license is a prerequisite for a financial institution that wants to provide banking services. Under most jurisdictions the fundamental banking activities, such as taking deposits from the general public are exclusive to holders of a banking license.

However some banking services may be provided without meeting the legal definition of a bank, not holding a banking license. Such an institution is generally referred to as a non-bank.

See also: Finance



All Wikipedia text is available under the terms of the GNU Free Documentation License

 
  Search Encyclopedia

Search over one million articles, find something about almost anything!
 
 
  
  Featured Article
Christiania

... Contents Christiania Christiania can refer to: Christiania - the name of Oslo, from 1624 to 1925. The Free State of Christiania - a partially self-gover ...

 
 
 
This page was created in 34 ms