bank meaning

[ bæŋk ] Pronunciation:   "bank" in a sentence
Noun: bank  bangk
  1. Sloping land (especially the slope beside a body of water)
    "they pulled the canoe up on the bank"; "he sat on the bank of the river and watched the currents" 
  2. A financial institution that accepts deposits and channels the money into lending activities
    "he cashed a check at the bank"; "that bank holds the mortgage on my home"
    - depository financial institution, banking concern, banking company 
  3. A long ridge or pile
    "a huge bank of earth" 
  4. An arrangement of similar objects in a row or in tiers
    "he operated a bank of switches" 
  5. A supply or stock held in reserve for future use (especially in emergencies) 
  6. The funds held by a gambling house or the dealer in some gambling games
    "he tried to break the bank at Monte Carlo" 
  7. A slope in the turn of a road or track; the outside is higher than the inside in order to reduce the effects of centrifugal force
    - cant, camber 
  8. A container (usually with a slot in the top) for keeping money at home
    "the coin bank was empty"
    - savings bank, coin bank, money box 
  9. A building in which the business of banking transacted
    "the bank is on the corner of Nassau and Witherspoon"
    - bank building 
  10. A flight manoeuvre; aircraft tips laterally about its longitudinal axis (especially in turning)
    "the plane went into a steep bank"
Verb: bank  bangk
  1. Tip laterally
    "the pilot had to bank the aircraft" 
  2. Enclose with a bank
    "bank roads" 
  3. Do business with a bank or keep an account at a bank
    "Where do you bank in this town?" 
  4. Act as the banker in a game or in gambling 
  5. Be in the banking business 
  6. Put into a bank account
    - deposit 
  7. Cover with ashes so to control the rate of burning
    "bank a fire" 
  8. Have confidence or faith in
    "bank on your good education"
    - trust, swear, rely

Derived forms: banked, banking, banks

See also: bankable, banker, banking

Type of: act, aeroplane manoeuvre [Brit], airplane maneuver [US], airplane manoeuvre [Cdn], array, backlog, believe, cash in hand, close in, container, cover, deposit, depositary, depository, do work, enclose, finances, financial institution, financial organisation [Brit], financial organization, flight maneuver [US], flight manoeuvre [Brit, Cdn], funds, give, incline, inclose, monetary resource, pecuniary resource, repository, reserve, ridge, shut in, side, slope, stockpile, tip, transact, work

Part of: banking industry, banking system

Encyclopedia: Bank


[American slang]
n. money; ready cash.
• I can't go out with you. No bank.
• I'm a little low on bank at the moment.


[Architecture]
1.

A mass of soil rising above a digging level.

2.

An establishment which receives, lends, and exchanges money and carries out other financial transactions.


[Business]
noun, verb

noun [C]

ADVISING BANK, AGENT BANK, AGRICULTURAL BANK, BANKER'S BANK, CASH AT BANK, CENTRAL BANK, CLEARING BANK, COMMERCIAL BANK, CONFIRMING BANK, CORRESPONDENT BANK, DEVELOPMENT BANK, EXPORT-IMPORT BANK, EUROPEAN CENTRAL BANK, FEDERAL RESERVE BANK, HIGH-STREET BANK, INVESTMENT BANK, ISSUING BANK, JOB BANK, LAND BANK, LEAD BANK, MEMORY BANK, MERCHANT BANK, MONEY CENTRE BANK, NATIONAL BANK, PAYING BANK, PRIVATE BANK, RESERVE BANK, SAVINGS BANK, UNIVERSAL BANK, WHOLESALE BANK, WORLD BANK

1

an organization that provides various financial services to people and businesses, for example keeping or lending money; a local office or a particular bank:

The company has £13.5 million cash in the bank.

I need to get some money out of the bank.

My salary is paid directly into the bank.

I need to go to the bank today.

Full details are available from any branch of Barclays Bank.

A consortium of four foreign banks has underwritten the $1.46 billion loan.

Most of the major banks have a fraud department to deal with stolen credit cards.

a domestic/foreign/global/international bank

◆ a big/high-street/large/major/small bank

2 often Bank, the Bank of ... = CENTRAL BANK

3

an amount or a number of sth collected together; a place where sth is stored ready for use:

a bank of knowledge

a bank of 12 TV screens

names stored in the computer's memory bank

DATABANK

BREAK verb

verb

1 [+ obj]

to put money into a bank account:

Have you banked the cheque yet?

She is believed to have banked (= earned or been paid) nearly $10 million for the movie.

The survey showed that most people banked their tax rebates rather than spending them.

2 [no obj] bank (with/at ... )

to have an account with a particular bank:

The company banks with Coutts and HSBC.


[Economics]
A commercial institution that takes deposits and extends loans. Banks are concerned mainly with making and receiving payments on behalf of their customers, accepting deposits, and making short-term loans to private individuals, companies, and other organizations. However, they also provide money transmission services and in recent years have diversified into many areas of financial services. In the UK, the banking system comprises the Bank of England (the central bank), the commercial banks, merchant banks, branches of foreign and Commonwealth banks, the National Savings Bank, and the National Girobank (see giro). The first (1990) building society to become a bank in the UK was the Abbey National, after its public flotation; many other building societies have now followed this precedent. In other countries banks are also usually supervised by a government-controlled central bank.

Examples

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  1. bank communications become more effective.
  2. i am on familiar terms with my bank manager.
  3. the bank seemed to swim before my eyes.
  4. your banks should bear the brunt of it.
  5. banks have developed along specialized lines.

Related Words

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PC Version