- commercial bank money
- (CoBM)Settlement is described as being commercial money if the payment moves between the accounts of banks (in contrast to central bank money).
Euroclear glossary. 2008.
commercial bank money
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commercial bank money — ( CoBM) Euroclear Clearing and Settlement glossary Settlement is described as being commercial money if the payment moves between the accounts of banks ( in contrast to central bank money). Euroclear Clearing and Settlement glossary … Financial and business terms
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commercial bank — financial institution which holds its customers money and provides loans and other bank services … English contemporary dictionary
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bank — bank1 /bangk/, n. 1. a long pile or heap; mass: a bank of earth; a bank of clouds. 2. a slope or acclivity. 3. Physical Geog. the slope immediately bordering a stream course along which the water normally runs. 4. a broad elevation of the sea… … Universalium
