Search results
- Dictionarybanking/ˈbaŋkɪŋ/
noun
- 1. an embankment or artificial bank: "I climbed down the banking and took a photograph"
- 2. the use of a second locomotive to provide additional power for a train ascending an incline: British "four engines of this class are used for banking"
Powered by Oxford Dictionaries
Sep 21, 2017 · A bank is a financial institution which performs the deposit and lending function. A bank allows a person with excess money (Saver) to deposit his money in the bank and earns an interest rate. Similarly, the bank lends to a person who needs money (investor/borrower) at an interest rate.
Banking refers to the system of financial institutions, such as banks and credit unions, that provide various financial services to individuals, businesses, and governments.
What is Banking? Banking is directly or indirectly connected with the trade of a country and the life of each individual. It is an industry that manages credit, cash, and other financial transactions.
Oct 21, 2021 · Definition. Banking is an industry that handles cash, credit, and other financial transactions for individual consumers and businesses alike. Banking provides the liquidity needed for families and businesses to invest in the future, and is one of the key drivers of the U.S. economy.
3 days ago · Bank, an institution that deals in money and its substitutes and provides other money-related services. It derives a profit from the difference between the costs of attracting and servicing deposits and the income it receives through interest charged to borrowers.
Jan 3, 2023 · Bank Definition. Banking Company is one which transacts the business of banking which means the accepting for the purpose of lending or investment of deposits money from the public repayable on demand or otherwise and withdrawable by cheque, draft, order or otherwise. – Indian Banking Companies Act.
Mar 28, 2023 · 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...
The meaning of BANKING is the business of a bank or a banker. How to use banking in a sentence.
noun [ U ] BANKING uk / ˈbæŋkɪŋ / us. Add to word list. the business of operating a bank or providing the services of a bank: international banking. banking industry / sector. See also. consumer banking. investment banking. offshore banking. retail banking.
Apr 6, 2024 · Banking is the business conducted or services offered by a bank. Banks are financial institutions that are licensed to receive deposits and make loans. They may also provide various other financial services, such as wealth management, currency exchange, and safe deposit boxes.
