bankingank"ing, n.
the business of a
bank or of a banker.
banking house, an
establishment or
office in which, or a
firm by whom,
banking is done. Â Â similar words(3)Â
 banking pinÂ
 banking house  banking companyÂ
(
p. pr. & vb. n.)
of Bank Â
(
n.)
The
business of a
bank or of a banker. Â
Noun1.
engaging in
the business of banking;
maintaining savings and checking accounts and issuing loans and credit etc. (hypernym)
finance (derivation)
bank (class)
right of offset2.
transacting business with a bank;
depositing or
withdrawing funds or
requesting a
loan etc. (hypernym)
finance (hyponym)
home banking (derivation)
bank (class) rubber, no-good
Noun1. 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" (synonym)
depository financial institution,
banking concern,
banking company (hypernym)
financial institution,
financial organization,
financial organisation (hyponym)
credit union (member-holonym)
banking industry,
banking system2.
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" (hypernym) slope, incline,
side (hyponym) riverbank, riverside3. a
supply or
stock held in
reserve for future use (especially in emergencies) (hypernym) reserve, backlog,
stockpile (hyponym)
blood bank4. a
building in
which commercial banking is transacted; "the
bank is on
the corner of
nassau and Witherspoon" (synonym)
bank building (hypernym) depository, deposit,
repository (part-meronym) vault,
bank vault5. an
arrangement of
similar objects in a
row or in tiers; "he
operated a
bank of switches" (hypernym) array6. a
container (usually
with a
slot in
the top)
for keeping money at home; "the
coin bank was empty" (synonym)
savings bank,
coin bank,
money box (hypernym)
container (hyponym)
piggy bank,
penny bank7. a
long ridge or pile; "a
huge bank of earth" (hypernym)
ridge (hyponym) bluff8.
the funds held by a
gambling house or
the dealer in
some gambling games; "he
tried to
break the bank at
monte Carlo" (hypernym) funds, finances,
monetary resource,
cash in hand,
pecuniary resource9. 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 (synonym) cant,
camber (hypernym) slope, incline, side10. a
flight maneuver;
aircraft tips laterally about its longitudinal axis (especially in turning); "the
plane went into a
steep bank" (hypernym)
flight maneuver,
airplane maneuver (hyponym)
vertical bank
Verb1.
tip laterally; "the
pilot had to
bank the aircraft" (hypernym) tip2.
enclose with a bank; "bank roads" (hypernym) enclose, inclose,
shut in3. do
business with a
bank or
keep an
account at a bank; "Where do
you bank in
this town?" (hypernym)
transact (derivation)
depository financial institution,
banking concern,
banking company4.
act as
the banker in a
game or in
gambling (hypernym) act5. be in
the banking business (hypernym) work, do
work (derivation) banker6.
put into a
bank account; "She deposites
her paycheck every month" (synonym)
deposit (hypernym)
give (hyponym)
redeposit (derivation)
depository financial institution,
banking concern,
banking company7.
cover with ashes so to
control the rate of burning; "bank a fire" (hypernym) cover8.
have confidence or
faith in; "We
can trust in God"; "Rely on
your friends"; "bank on
your good education"; "I
swear by my
grandmother's recipes" (synonym) trust, swear,
rely (hypernym)
believe (hyponym) credit
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A
bank is a
commercial or
state institution that provides financial services ,
including issuing money in
various forms, receiving deposits of money,
lending money and processing transactions and the creating of credit. A commercial bank accepts
deposits from customers and in
turn makes loans,
even in
excess of
the deposits; a
process known as fractional-reserve banking.
some banks (called
banks of issue) issue banknotes as
legal tender.
many banks offer ancillary financial services to
make additional profit;
for example,
most banks also rent safe
deposit boxes in
their branches.
A
system for recording qualified air emission reductions for later use in bubble, offset, or
netting transactions. See:Â emissions trading.
A
system for recording qualified air emission reductions for later use in bubble, offset, or
netting transactions. (See: emissions trading .)
see water Banking.
the slope of a
track from the wall to the apron ,
generally measured in
the corners.
In
the broadest sense of
the term, "banking" is
the business of
accepting temporary responsibility for safeguarding other people's money ("deposits")
and then lending out these funds (along
with the bankers'
own funds) in
order to earn interest for
the bank's
own account.
banking firms thus earn their profits primarily by
serving as "financial intermediaries"
who mobilize the scattered savings of
many households and firms (by
offering safekeeping services and paying interest on at
least some kinds of accounts)
and then make these pooled funds available to
suitable borrowers (to
business firms that want to
finance proposed investment projects or
perhaps to
consumers who want to
finance big ticket durable consumers'
goods like automobiles or
perhaps to
governmental entities whose policy-makers
have decided to
spend more money than they have received in
revenue collections).
the bank pledges its own capital (and
also buys outside deposit insurance) to
guarantee that any depositor can get all his/her
money back in
cash no
later than some contractually specified length of
time after giving notice of withdrawal.
the bank makes this somewhat risky guarantee even though it is
quite predictable that some (hopefully small)
percentage of
the loans the bankers make using depositers'
funds will "turn sour"
and not be
repaid by
the borrower. The bank's profits arise
mainly from the (positive)
spread between its costs of
securing and servicing deposits and its revenues from fees and interest on
the loans extended. (Of
course banks frequently seek to
make additional profits selling other financial services to
their clients and customers as well,
but the business of
accepting deposits and making loans is
the defining core of
the banking business.)
not all firms engaging in "banking" in
this broad sense are officially called "banks."
savings and loan associations,
credit unions and other miscellaneous thrift institutions provide similar services under other names.
the laws of
the united states and most other developed industrial countries provide for multiple types of
financial intermediary institutions whose official "labels"
normally depend upon the selected purposes for which they will loan money (business loans,
consumer loans,
real estate mortgages, etc.),
the maximum time period for which they will contract a
loan (2 years? 5 years? 30 years?),
and the kinds of
supplementary services (checking privileges,
foreign exchange,
management of
trusts and estates, etc.)
that they may provide for their customers beyond basic taking of
deposits and extension of loans.
from the perspective of
this course,
banks are mainly of
interest because of
their key role in
determining the size of
the money stock.
considerably less than half of the US
money stock (M1)Â consists of
physical cash or
currency (coins
and bills).
most of
the money stock in
the US (or
any other present-day
advanced industrial economy) is in
the form of "mere"
ledger entries representing bank depositers'
credit balances in
their individual or
corporate checking accounts. And,
amazingly enough to
the uninitiated,
this means that banks are constantly creating money "out of
thin air"
simply by
making bookkeeping entries that assign new checking account credits to
customers as
they take out loans from the bank. More...
