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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.
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.
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...
Jul 16, 2024 · 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.
The definition of a bank varies from country to country. See the relevant country pages for more information. Under English common law, a banker is defined as a person who carries on the business of banking by conducting current accounts for their customers, paying cheques drawn on them and also collecting cheques for their customers.
Bank definition goes to a financial institution authorized to accept deposits and provide credits. These institutions may also give economic assistance such as: capital management. foreign exchange. Safe deposit boxes are commonly known as locker services.
noun (1) ˈbaŋk. Synonyms of bank. 1. : a mound, pile, or ridge raised above the surrounding level: such as. a. : a piled-up mass of cloud or fog. a fog bank. a bank of dark clouds. b. : an undersea elevation rising especially from the continental shelf. 2. : the rising ground bordering a lake, river, or sea or forming the edge of a cut or hollow.
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 loanI had to take out a bank loan to start my own business.
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.
Definition of bank noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
