A bank is a firm/ a company

  • e2efour

    Senior Member
    UK English
    #4
    I doubt whether firm could be used.
    It would usually be a business organisation or company. If it has plc or ltd (UK terms) after the name (e.g. Lloyds Banking Group plc) then it is definitely a company.
     
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    entangledbank

    Senior Member
    English - South-East England
    #5
    'Firm' is commonly used for any company, but more strictly a firm is a limited partnership, like a firm of solicitors or of accountants, where each partner is a shareholder and it is not publicly owned.
     

    PaulQ

    Senior Member
    UK
    English - England
    #6
    If it has plc or ltd (UK terms) after the name (e.g. Lloyds Banking Group plc) then it is definitely a company.
    Just to add that Lloyds Banking Group plc is not a bank but the company that directs (or has ownership of) the numerous subsidiary companies of the group, the most well-known of which is probably "Lloyds Bank" which is a bank.
     
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    e2efour

    Senior Member
    UK English
    #8
    A bank, as normally used, is a local office or branch of a company. The term bank does not mean a company per se.
    The Bank of England, for example, may well be a company, but it is not a bank in the ordinary sense of the word.
     
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