Commercial Bank definition

Commercial Bank means a bank, defined as a scheduled bank under section 2(e) of the Reserve Bank of India Act, 1934.

Commercial Bank means a state or national bank or trust company which is a member of the Federal Deposit Insurance Corporation (or any successors thereto) and of the Federal Reserve System, which has a capital and surplus of $10,000,000 or more, and which is located within the United States of America.

Commercial Bank means a state or national bank or trust company which is a member of the Federal Deposit Insurance Corporation.

Examples of Commercial Bank in a sentence

• Except for bidders submitting a committed Line of Credit from a Universal or Commercial Bank in lieu of its NFCC computation, all Bids must include the NFCC computation pursuant to Section 23.4.1.4 of the 2016 revised IRR of RA No. 9184, which must be sufficient for the total of the ABCs for all the lots or items participated in by the prospective Bidder.

• If the Bidder opts to submit the bid security in the form of: (i.1) a bank draft/guarantee or an irrevocable letter of credit issued by a foreign bank, it shall be accompanied by a confirmation from a Universal or Commercial Bank; or (i.2) a surety bond accompanied by a certification coming from the Insurance Commission that the surety or insurance company is authorized to issue such instruments.

• The Performance Security shall be denominated in Philippine Pesos and posted in favor of the Procuring Entity in an amount not less than the percentage of the total contract price in accordance with the following schedule:Form of Performance SecurityAmount of Performance Security(Not less than the Percentage of the Total Contract Price)(a) Cash or cashier’s/manager’s check issued by a Universal or Commercial Bank.

• The Performance Security shall be denominated in Philippine Pesos and posted in favor of the Procuring Entity in an amount not less than the percentage of the total contract price in accordance with the following schedule:Form of Performance SecurityAmount of Performance Security (Not less than the Percentage of theTotal Contract Price)(a) Cash or cashier’s/manager’s check issued by a Universal or Commercial Bank.

• If issued by a foreign bank, it shall be confirmed or authenticated by a Universal or Commercial Bank.

More Definitions of Commercial Bank

Commercial Bank means a state or national bank or trust company which is a member of the Federal Deposit Insurance Corporation and which is located within the United States; and such term includes, without limitation, any “trust bank” as herein defined.

Commercial Bank means a corporation organized for the purpose of engaging in the commercial banking business.

Commercial Bank means a state or national bank or trust company which is a member of the federal deposit insurance corporation, including without limitation any "trust bank" as defined in this section.

Commercial Bank means a financial institution with assets of at least $1,000,000,000, and which accepts demand and time deposits and extends credit in the ordinary course of business.

Commercial Bank means a banking institution that conducts banking business in Zimbabwe and whose business mainly consists of the acceptance of deposits withdrawable by cheque or otherwise;

Commercial Bank means and includes any financial institution whose operations include, but are not limited to the acceptance of deposits payable on demand and subject to transfer by check;

Commercial Bank means a public limited company licensed to undertake commercial banking business, and shall include a retail bank, a commercial bank which is a subsidiary of a foreign commercial bank and a branch of a foreign commercial bank licensed to carry on commercial banking business.