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The bank has a lien on cheques deposited to the customer's account, to the extent that the customer is indebted to the bank. The bank must not disclose details of transactions through the customer's account – unless the customer consents, there is a public duty to disclose, the bank's interests require it, or the law demands it.
The history of banking began with the first prototype banks, that is, the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities.
The Online Etymology Dictionary or Etymonline, sometimes abbreviated as OED (not to be confused with the Oxford English Dictionary, which the site often cites), is a free online dictionary that describes the origins of English words, written and compiled by Douglas R. Harper.
Legal tender, or narrow money (M0) is the cash created by a Central Bank by minting coins and printing banknotes. Bank money, or broad money (M1/M2) is the money created by private banks through the recording of loans as deposits of borrowing clients, with partial support indicated by the cash ratio. Currently, bank money is created as ...
UML class diagram depicting retail banking. Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate banking).
Bank. a financial institution; the physical building where a financial institution offers services; to deposit money or have an account in a bank (e.g. "I bank at the local credit union") a supply of something held in reserve: such as "banking" brownie points; a synonym for 'rely upon' (e.g. "I'm your friend, you can bank on me").
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The Oxford Dictionary of English Etymology is an etymological dictionary of the English language, published by Oxford University Press.The first editor of the dictionary was Charles Talbut Onions, who spent his last twenty years largely devoted to completing the first edition, published in 1966, which treated over 38,000 words and went to press just before his death.