TERMIUM Plus®

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EARLY BANK [1 record]

Record 1 2009-03-17

English

Subject field(s)
  • Banking
CONT

Like their modern counterparts, ... early banks tapped the savings of the surrounding community, but they did so mainly by selling shares of stock, not by attracting deposits. ... It meant that these early institutions functioned less like modern commercial banks and more like investment pools through which outsiders could participate in the kinship groups' diverse enterprises.

CONT

Early banks did not employ professional loan officers to evaluate the credit worthiness of their customers.

French

Domaine(s)
  • Banque
CONT

On peut penser aussi que le peu de solidité des maisons chinoises [...] dut engager dès longtemps les citoyens à réunir leurs épargnes dans des bâtiments spéciaux, sous la garde d'un comptable qui tenait note de tous les dépôts qui lui arrivaient, et faisait les restitutions par virements. La banque était dès lors inventée. Les banques actuelles ne diffèrent guère de cette banque primitive.

Spanish

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