Question

what is banking services ​

Answer 1

DEFINITION: Any activities involved in accepting and safeguarding money owned by other individuals and entities, and then lending out this money in order to earn a profit.

Answer 2

Answer:

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Explanation:

Banking Services means each and any of the following bank services provided to the Borrower or any Subsidiary by any Lender or any of its Affiliates: (a) credit cards for commercial customers (including, without limitation, commercial credit cards and purchasing cards), (b) stored value cards and (c) treasury management services (including, without limitation, controlled disbursement, automated clearinghouse transactions, return items, overdrafts and interstate depository network services).