Bank

Definition:

A financial business, chartered by the state or federal government. Banks borrow money at one rate from individuals and organizations that have excess cash. They then lend the money at higher rates to entities that are in need of cash. In recent years service charges have joined interest rate spreads as a major source of bank revenue.

Related terms:

Comfort letter

Useful articles:

»	Reaching Customers With Style, Strategy, and Speed
»	People Buy From People They Trust
»	Ingredients of Positive Sales Presentations
»	Build eBay Profits with a Powerful Category Strategy

Car payments

This calculator estimates your monthly payments on an auto loan

Life insurance

How much life insurance do you need? Enter your current assets, expenses, income

Refinance

Figure your principal and interest payments, how much you would save each month

Browse by categories

Accounting	Advertising	Banking
Bankruptcy	E-Commerce	Economics
Finance	Law	Investment
Insurance	Marketing	Real estate
Statistic	Trade	Purchasing

Featured Articles:

Marketing

Using The Media On A Limited Budget

Need big media advertising, but your ad budget isn't big enough to require the help of an advertising agency? Unless you're plunking down $250,000 or more per year for marketing, an advertising age... [ more... ]

Career

Everyone a Business - Is Becoming a "Free Agent" for You?

Most of us have thought about it at one time or another. We have dreamed of taking control of our careers and heading out on our own. Occasionally it’s because we don’t like our compa... [ more... ]

Negotiation

Power Negotiators Understand the Importance of Gathering Information

Henry Kissinger was once asked if he already knew what the Soviets would propose at an upcoming summit meeting. He said, "Oh, absolutely-no question about it. It would be absolutely disastrous... [ more... ]