Bank

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DataModel:CDQ/Business Partner/Legal Form/Legal Form Category/LF103
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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.