glass–steagall act

Glass–Steagall Act. A federal statute that protects bank depositors by restricting the securities-related business of commercial banks, specif. by prohibiting banks from owning brokerage firms or engaging in the brokerage business. 12 USCA § 378. — Also termed Banking Act of 1933.

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词条贡献者

法律翻译Cathy，在一家英国银圈所担任专职法律翻译，擅长翻译有关城市基础设施领域的法律文件。