bank

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 (now Abbey), after its public flotation; many other building societies have now followed this precedent. In other countries banks are also usually supervised by a central bank.

Big dictionary of business and management. 2014.

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  • Bank [2] — Bank (Hdlgsw.), eine auf Rechnung mehrerer Personen od. des Staates errichtete Anstalt, welche mit Geld Geschäfte macht, d.h. gegen Hinterlegung von Geld, Werthpapieren od. werthvollen Gegenständen od. auch gegen Bürgschaft Credit gewährt, den… …   Pierer's Universal-Lexikon

  • Bank — [bæŋk] noun BANKING ORGANIZATIONS The Bank the Bank of England, Britain s central bank: • The Bank is worried that strong demand for labour could lead to higher wages and prices. * * * Ⅰ …   Financial and business terms

  • bank — / baŋk/ n: an organization for the custody, loan, or exchange of money, for the extension of credit, and for facilitating the transmission of funds branch bank: a banking facility that is a separate but dependent part of a chartered bank; esp: a… …   Law dictionary

  • bank — bank; bank·man; bank·roll·er; bank·rupt·cy; bank·sku·ta; can·ta·bank; em·bank; em·bank·ment; in·ter·bank; maas·bank·er; moun·te·bank·ery; bank·a·ble; bank·rupt; moun·te·bank; non·bank; bank·abil·i·ty; bank·skoi·te; hand·bank·er; sal·tim·bank; …   English syllables

  • bank — bank1 [baŋk] n. [ME banke < MFr banque < OIt banca, orig., table, moneylenders exchange table < OHG bank, bench: see BANK2] 1. an establishment for receiving, keeping, lending, or, sometimes, issuing money, and making easier the exchange …   English World dictionary

  • Bank — Bank, n. [F. banque, It. banca, orig. bench, table, counter, of German origin, and akin to E. bench; cf. G. bank bench, OHG. banch. See {Bench}, and cf. {Banco}, {Beach}.] 1. An establishment for the custody, loan, exchange, or issue, of money,… …   The Collaborative International Dictionary of English

  • Bank — (b[a^][ng]k), n. [OE. banke; akin to E. bench, and prob. of Scand. origin; cf. Icel. bakki. See {Bench}.] 1. A mound, pile, or ridge of earth, raised above the surrounding level; hence, anything shaped like a mound or ridge of earth; as, a bank… …   The Collaborative International Dictionary of English

  • bank — baŋk n a place where something is held available <data bank> esp a depot for the collection and storage of a biological product of human origin for medical use <a sperm bank> <an eye bank> see BLOOD BANK * * * (bangk) a stored… …   Medical dictionary

  • bank — Ⅰ. bank [1] ► NOUN 1) the land alongside or sloping down to a river or lake. 2) a long, raised mound or mass: mud banks. 3) a set of similar things grouped together in rows. ► VERB 1) heap or form into a mass or mound. 2) …   English terms dictionary

  • bank — {{/stl 13}}{{stl 8}}rz. mnż IIa, D. u {{/stl 8}}{{stl 20}} {{/stl 20}}{{stl 12}}1. {{/stl 12}}{{stl 7}} instytucja zajmująca się obrotem pieniędzmi: przyjmowaniem wkładów i wypłacaniem odsetek, udzielaniem kredytów, emisją banknotów,… …   Langenscheidt Polski wyjaśnień

  • Bank — Bank, v. t. [imp. & p. p. {Banked}(b[a^][ng]kt); p. pr. & vb. n. {Banking}.] 1. To raise a mound or dike about; to inclose, defend, or fortify with a bank; to embank. Banked well with earth. Holland. [1913 Webster] 2. To heap or pile up; as, to… …   The Collaborative International Dictionary of English

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