banking business definition

banking business means the business of accepting deposits withdrawable or repayable on demand or after a fixed period or after notice and the employment of those deposits, in whole or in part, by lending or any other means for the account and at the risk of the person accepting the deposits;
banking business means the business of—
banking business means the business that consists of -

Examples of banking business in a sentence

  • Executive agrees that he shall not, for a period of two years following his Separation Date (regardless of the reason therefor), whether as an employee, officer, director, shareholder, owner, partner, joint venturer, independent contractor, consultant or in another managerial capacity, engage in the Banking Business within the Restricted Area.


More Definitions of banking business

banking business means business of a financial institution approved under the Banking and Financial Institutions Act;
banking business means the business of receiving money on current or deposit account, paying and collecting cheques drawn by or paid in by customers, the making of advances to customers, and includes such other business as the Authority may prescribe for the purposes of this Act;
banking business means the business of accepting deposits of money which may be withdrawn or repaid on demand or after a fixed period or after notice, by cheque or otherwise and the employment of such deposits, either in whole or in part,
banking business means the management and/or operation of a retail bank or other financial institution, securities brokerage, or insurance agency or brokerage. The termRestricted Area” shall mean within the 100-mile radius of any geographic location in which the Company or an Affiliate has an office on the date of Executive’s termination of employment with the Company and its Affiliates.
banking business means the offering of deposit accounts to the public and the
banking business means the business conducted by Employer and its subsidiaries, which is the business of banking, including the solicitation of time and demand deposits and the making of residential, consumer, commercial and corporate loans.
banking business means providing (i) consumer financial products and/or services, including secured and/or unsecured consumer lending, consumer mortgage products, consumer card products, retail banking products and/or services, and consumer leasing; and/or (ii) deposit-taking services including both consumer and commercial deposits, and payroll services; and/or (iii) credit and/or debit card transaction processing services (which transaction processing services, for the avoidance of doubt, include merchant acquiring); and/or (iv) commercial financial products and/or services, including bilateral and syndicated loans and trustee and depositary services; and/or (v) investment banking; and/or (vi) financial advisory services relating to the services described in (i)-(v) above; and/or (vii) all businesses related or reasonably incidental thereto.