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- Dictionarybank/baŋk/
noun
- 1. the land alongside or sloping down to a river or lake: "willows lined the bank of the stream" Similar
- 2. a long, high mass or mound of a particular substance: "a grassy bank" Similar
verb
- 1. heap (a substance) into a mass or mound: "the rain banked the soil up behind the gate" Similar
- 2. (with reference to an aircraft or vehicle) tilt or cause to tilt sideways in making a turn: "the plane banked as if to return to the airport" Similar
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The meaning of BANK is a mound, pile, or ridge raised above the surrounding level. How to use bank in a sentence. Did you know?
an organization where people and businesses can invest or borrow money, change it to foreign money, etc., or a building where these services are offered: The big banks have been accused of exploiting small firms. I need to go to the bank at lunchtime.
BANK meaning: 1. an organization where people and businesses can invest or borrow money, change it to foreign…. Learn more.
- What Is A Bank?
- Understanding Banks
- How Are Banks Regulated?
- Types of Banks
- Bank vs. Credit Union
- The Bottom Line
A bank is a financial institution that is licensed to accept checking and savings deposits and make loans. Banks also provide related services such as individual retirement accounts (IRAs), certificates of deposit (CDs), currency exchange, and safe deposit boxes. There are several types of banks including retail banks, commercial or corporate banks...
Banks have existed since at least the 14th century. They provide a safe place for consumers and business owners to stow their cash and a source of loans for personal purchases and business ventures. In turn, the banks use the cash that is depositedto make loans and collect interest on them. The basic business plan hasn't changed much since the Medi...
U.S. banks came under intense scrutiny after the global financial crisisof 2008. The regulatory environment for banks was tightened considerably as a result. Depending on their business structures, U.S. banks may be regulated at the state or national level, or both. State banks are regulated by each state's department of banking or department of fi...
Most banks can be categorized as retail, commercial or corporate, or investment banks. The big global banks often operate separate arms for each of these categories.
Credit unionsoffer banking services but, unlike banks, they are not-for-profit institutions created for and managed by their members or customers. Credit unions provide routine banking services to their clients, who are generally called members. Credit unions are created, owned, and operated by their clients, and are generally tax-exempt. Members p...
At the very least, a bank is where you stash your cash until you use it to pay the bills or withdraw money. It can also be the place where you get a loan to buy a car or a mortgage to buy a house. If you're running a small business, it may be where you go to borrow money to expand or improve. Before choosing a bank, you should make a comparison of ...
- Adam Barone
- 2 min
A bank is an institution that allows people to deposit money into an account (called a bank account) for safekeeping. Banks often offer many other money-related services such as lending money, sending money to other people, exchanging large bills for smaller bills, and providing credit cards.
an institution offering certain financial services, such as the safekeeping of money, conversion of domestic into and from foreign currencies, lending of money at interest, and acceptance of bills of exchange. 2. the building used by such an institution.
1. (Banking & Finance) an institution offering certain financial services, such as the safekeeping of money, conversion of domestic into and from foreign currencies, lending of money at interest, and acceptance of bills of exchange. 2. (Banking & Finance) the building used by such an institution.
