{"iri":"https://folio.openlegalstandard.org/R9TyJ8yqLicto5rFa8puek4","label":"Bank","sub_class_of":["https://folio.openlegalstandard.org/RCEDL3kMYgjFUEOhOyGp3IE"],"parent_class_of":["https://folio.openlegalstandard.org/R87PmoWmotSgo32gCYT29sw","https://folio.openlegalstandard.org/R9ejVFO48SQK7NinELTfoTP","https://folio.openlegalstandard.org/RBK60WFmXaKPDEXd5H5DQ","https://folio.openlegalstandard.org/RJ5qwfxRAfTOLboWpZp5bL"],"is_defined_by":null,"see_also":["https://folio.openlegalstandard.org/R7meQhKYGkcA57UZ7v4JOdA","https://folio.openlegalstandard.org/RusVTgN5XKjS4qJaIYIlH0"],"comment":null,"deprecated":false,"preferred_label":"Financial Institution","alternative_labels":["Depository Institution"],"translations":{},"hidden_label":null,"definition":"A bank is a financial institution licensed to receive deposits, make loans, and provide various financial services such as wealth management, currency exchange, and safe deposit boxes. Banks play a crucial role in the economy by facilitating financial transactions, providing credit, and offering investment products.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}