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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.
BANK meaning: 1 : a business where people keep their money, borrow money, etc., or the building where such a business operates often used before another noun; 2 : a small closed container in which money is saved
Unbanked means having no bank account; underbanked means having limited access to financial services. Opening a bank account can be done at no or very little cost. It’s safer, more convenient, it pays interest, and can help you build credit.
BANK HOLIDAY meaning: legal holiday. a short period of time when you stop doing something so that you can rest or do something else
savings bank, financial institution that gathers savings, paying interest or dividends to savers. It channels the savings of individuals who wish to consume less than their incomes to borrowers who wish to spend more.
central bank, Institution, such as the U.S. Federal Reserve System, charged with regulating the size of a nation’s money supply, the availability and cost of credit, and the foreign exchange value of its currency (see foreign exchange).
World Bank, international organization affiliated with the United Nations and designed to finance projects that enhance the economic development of member states. Headquartered in Washington, D.C., the bank is the largest source of financial assistance to developing countries.
Bank of the United States, central bank chartered in 1791 by the U.S. Congress at the urging of Alexander Hamilton and over the objections of Thomas Jefferson. The extended debate over its constitutionality contributed significantly to the evolution of pro- and antibank factions into the first
A soil seed bank is the natural storage of seeds in or on the soil of many ecosystems, which serves as a repository for subsequent generations of plants. Given the variety of stresses that ecosystems experience, soil seed banks are often a crucial survival mechanism for many plants.
Bank, rocky or sandy submerged elevation of the seafloor with a summit less than 200 m (650 feet) below the surface but not so high as to endanger navigation. Many banks are local prominences on continental or island shelves.