UNIVERSAL BANK
\jˌuːnɪvˈɜːsə͡l bˈaŋk], \jˌuːnɪvˈɜːsəl bˈaŋk], \j_ˌuː_n_ɪ_v_ˈɜː_s_əl b_ˈa_ŋ_k]\
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A bank that practices traditional activities and securities management. Refer to bancassurance, commercial bank, and investment bank.
By Henry Campbell Black
Word of the day
ASSESSED VALUATION
- This term applies to the precise value of property upon which taxes need be paid.