Bank
DataModel:CDQ/Business Partner/Legal Form/Legal Form Category/LF103
| Property | Value |
|---|---|
| A technical identifier, unique in a certain context. Technical key | LF103
|
| Language-specific name. Monolingual name | Bank (en) |
| Language-specific short name. Monolingual short name | Bank (en) |
| Informal and comprehensive human-readable definition of a concept. Description | A bank is a licensed financial institution that accepts deposits, lends money, and offers related services like wealth management and financial advising. Banks can be commercial (serving the public) or investment-focused (dealing in securities and investments). They play a crucial role in the economy by facilitating financial transactions and providing capital for businesses. |