The operating license for a commercial bank is called the SEC certificate of depository bank charter federal promissory note.
All licenses, franchises, permits, consents, approvals, registrations, certifications, and authorizations of all governmental authorities that are required or advisable for the operation of the business of any of the Company Parties are collectively referred to as Operating Licenses.
The phrase "license to operate" is frequently used to refer to the standards of conduct that must be met by a business in order to be respected by its community. "Grant of permission to execute a trade or carry out a business activity, subject to regulation or monitoring by the licensing body" is one way to define "license to operate" in more detail.
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