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LSDefine

Simple English definitions for legal terms

private bank

Read a random definition: Office of Fair Housing and Equal Opportunity

A quick definition of private bank:

A private bank is a place where people can put their money, borrow money, and do other financial transactions. It is owned by an individual or a group of people and may or may not be regulated by the government. Private banks are different from other types of banks, like national banks or savings banks, because they are not part of a larger system. People use private banks to keep their money safe and to make it grow by earning interest.

A more thorough explanation:

A private bank is a financial establishment that provides services such as depositing, lending, exchanging, and transmitting money. It is owned by an individual or partnership and may or may not be subject to state regulation. Private banks are different from public banks, which are owned by the government.

Examples of private banks include:

  • A bank owned by a wealthy individual or family
  • A bank that caters to high net worth individuals
  • A bank that provides specialized services such as wealth management or investment banking

Private banks are not open to the general public and typically require a high minimum deposit to become a client. They offer personalized services and cater to the specific needs of their clients.

For example, a private bank may offer investment advice and manage a client's portfolio of stocks, bonds, and other assets. They may also provide loans for large purchases such as real estate or yachts.

private-attorney-general doctrine | private boundary

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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