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The word 'quasi' is an adjective that describes something as resembling or having some resemblance usually by possession of certain attributes; as though: just as valid in law as if actual; almost but not quite: resembling somebody or something in some ways, but not exactly the same.
A quasi-bank has the rules and objectives of that are the same as a bank, but is only in effect to someone (a group) who has agreed or joined this agreement, as a bank, but to do business for the public.
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoQuasi-banking involves institutions that are not actually banks that engage in the barring of funds from 20 or more lenders. This is done for the borrower's own account through means such as insurance or the acceptance of deposit substitutes.
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Difference between quasi-banking and non-quasi-banking?
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quasi means almost.
What is a quasi partnership?
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How do you spell quasi?
That is the spelling of the prefix quasi- meaning "similar" or sort of.
