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单词 captive bank
释义

captive bank

Definition
Wholly or partially owned subsidiary (located commonly in a tax haven) that plays its role as a bank only for the benefit of one legal entity (usually a firm) and its customers and suppliers. In addition to safe keeping of deposits, captive banks may also offer merchant banking, financing, and other services, usually in association with commercial banks.
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更新时间:2025/5/8 22:50:33