Question

What is a bank legally?​

Answer 1

Answer:

. A place for the deposit of money. 2. An institution, generally incorporated, authorized to receive deposits of money, to lend money, and to issue promissory notes, usually known by the name of bank notes.

Answer 2

Answer:

ʙᴀɴᴋ ʟᴇɢᴀʟʟy

Explanation:

• bank. n. 1) an officially chartered institution empowered to receive deposits, make loans, and provide checking and savings account services, all at a profit. In the United States banks must be organized under strict requirements by either the federal or a state ɢᴏᴠᴇʀɴᴍᴇɴᴛ

• A bank is an institution, usually incorporated with power to issue its promissory notes intended to circulate as money (known as bank notes); or to receive the money of others on general deposit, to form a joint fund that shall be used by the institution, for its own benefit, for one or more of the purposes of making