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What is the quasi bank?

Updated: 4/28/2022
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11y ago

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from what I've learned from law, quasi means "as if" so if you put that first word (quasi) to other it means almost but not exactly same.

quasi- combining form meaning "resembling," "having some, but not all of the features of," used in the formation of compound words: a quasi contract, an implied contract, an obligation which has arisen from some act, as if from a contract; a quasi corporation, a body that has some, but not all, of the peculiar attributes of a corporation; a quasi argument, that which resembles, or is used as, an argument; quasi historical, apparently historical, seeming to be historical.

so if the term is a quasi-bank, i think that the rules and objectives of that are the same like the commercial bank, but this thing are only in effect to someone (a group) who has agree/join on this agreement. as if a bank, but not the one honored to do business for public.

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