BANK Meaning and
Definition
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A bank is a financial institution that serves as a custodian and intermediary for individuals, businesses, and governments in managing their financial transactions. It functions by accepting deposits from customers and granting them loans, while also providing various other financial services.
The main role of a bank is to act as a secure storage facility for money. Individuals and businesses place their excess funds in the bank, known as deposits or savings, where they are protected against loss and theft. These deposits can be withdrawn at any time by the account holders.
Banks also lend money to individuals and businesses in the form of loans and credit. This enables individuals to make significant purchases, such as buying a house or a car, and businesses to invest in expanding their operations. Banks charge interest on the loans, which is a percentage of the borrowed amount that the borrower must repay in addition to the principal.
Furthermore, banks provide various financial services such as issuing credit and debit cards, facilitating international transactions, offering investment advice, managing assets, and providing insurance coverage. They act as intermediaries between those with excess funds and those in need, connecting borrowers and lenders to facilitate economic growth and stability.
In addition to their fundamental functions, banks are heavily regulated by government authorities to ensure financial stability, consumer protection, and fair practices. The banking industry plays a crucial role in the overall functioning of the economy and is an essential pillar of financial infrastructure in any country.
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• A mound or ridge of earth; any steep ascent; a heap of anything; a place where a collection of money is kept; the margin of a river or the sea.
• To raise up a mound of earth or a dyke to enclose; to deposit money in a bank.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Top Common Misspellings for BANK *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for BANK
Etymology of BANK
The word "bank" is derived from the Middle English word "banke" which originally referred to a raised area of land. This Middle English term was borrowed from the Old Italian word "banca" meaning "bench" or "counter". In medieval Italy, moneylenders and traders conducted their business on benches or counters, and these benches eventually became associated with monetary transactions. Over time, the word "bank" came to refer to the financial institutions that conducted such transactions, and it spread to various languages.
Idioms with the word BANK
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bank sth up
The idiom "bank something up" typically means to accumulate or store something, usually resources or money, for future use or to have a reserve. It implies the act of saving or setting aside something for later.
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bank on
The idiom "bank on" means to rely on or trust in something or someone, typically with confidence and certainty. It usually implies that one's hopes, plans, or expectations are based on the expected outcome or assistance from that particular thing or person.
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be laughing all the way to the bank
The idiom "be laughing all the way to the bank" means to derive great satisfaction or enjoyment from one's financial success or gain, especially when others may have doubted or underestimated the individual's ability to achieve it. It often implies smugness or delight in proving others wrong by accumulating wealth or financial prosperity.
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can take (something) to the bank
The idiom "can take (something) to the bank" means that something is very reliable, trustworthy, or certain. It implies that one can confidently rely on or expect a particular outcome without any doubt or uncertainty.
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bank account
The idiom "bank account" refers to an individual's or a business's financial situation or resources, specifically referring to the amount of money they have saved or available in their bank account. It symbolizes a person's overall wealth or financial standing.
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cry all the way to the bank
The idiom "cry all the way to the bank" means to complain or express dissatisfaction while actually benefiting financially from a situation. It refers to a situation where a person may not be happy about something, but they are still making a lot of money or gaining a significant advantage from it.
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Swiss bank account
A Swiss bank account is an idiom that refers to a secretive and confidential financial account held in a Swiss bank, typically associated with wealthy individuals or corporations. It symbolizes secrecy, privacy, and discretion in financial matters.
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bank something up
The idiom "bank something up" refers to the act of piling or stacking something, usually in a certain way. It is derived from the concept of banking, where one creates a raised mass or mound of a particular substance. In the idiomatic sense, it typically implies building up or accumulating a certain quantity or amount of something.
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bank on sth
The idiom "bank on something" means to rely or depend on something with confidence or certainty. It implies having trust or assurance that a particular outcome or event will happen.
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break the bank
The idiom "break the bank" refers to the act of using up or spending an excessive amount of money, usually beyond what is affordable or expected. It implies going to great lengths or taking drastic measures to obtain funds or achieve a desired outcome, often at considerable financial risk.
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laugh all the way to the bank
The idiom "laugh all the way to the bank" refers to someone who is delighted or triumphant about their financial success or gains. It suggests that the person finds amusement or satisfaction in the fact that their financial endeavors have been lucrative, often indicating that they will receive a significant amount of money.
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Bank Night
The idiom "Bank Night" refers to a promotional event held at a movie theater in the mid-20th century, where participants had a chance to win cash or other prizes by simply depositing their name or ticket stub into a designated box. The prizes were later drawn or announced during a special "Bank Night" event, typically held on a specific night of the week.
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Guaranteeing Bank
The idiom "Guaranteeing Bank" refers to a financial institution or bank that provides a guarantee or assurance to another party regarding the fulfillment of a financial obligation or the validity of a transaction. The guaranteeing bank acts as a backer or insurer, assuming responsibility for the repayment or fulfillment of a debt or obligation in case of default by the debtor or the party involved in the transaction.
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bank on someone
The idiom "bank on someone" means to rely or depend on someone, typically expecting them to fulfill a promise, deliver on an agreement, or provide assistance or support.
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bank on something
The idiom "bank on something" means to rely or depend on something or someone. It implies placing trust or confidence in a certain outcome or situation.
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can take it to the bank
The idiom "can take it to the bank" means that something is absolutely certain or guaranteed to happen. It implies that the information or statement can be completely relied upon, just like taking money to the bank, which one can be sure will be safely deposited.
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not break the bank
The idiom "not break the bank" refers to something that is affordable, or does not cost a significant amount of money. It suggests that the expense is reasonable and will not cause financial strain.
Similar spelling words for BANK
Conjugate verb Bank
CONDITIONAL PERFECT
I
would have banked
you
would have banked
he/she/it
would have banked
we
would have banked
they
would have banked
I
would have bank
you
would have bank
he/she/it
would have bank
we
would have bank
they
would have bank
CONDITIONAL PERFECT PROGRESSIVE
I
would have been banking
you
would have been banking
he/she/it
would have been banking
we
would have been banking
they
would have been banking
CONDITIONAL PRESENT
I
would bank
you
would bank
he/she/it
would bank
we
would bank
they
would bank
CONDITIONAL PRESENT PROGRESSIVE
I
would be banking
you
would be banking
he/she/it
would be banking
we
would be banking
they
would be banking
FUTURE
I
will bank
you
will bank
he/she/it
will bank
we
will bank
they
will bank
FUTURE CONTINUOUS
I
will be banking
you
will be banking
he/she/it
will be banking
we
will be banking
they
will be banking
FUTURE PERFECT
I
will have banked
you
will have banked
he/she/it
will have banked
we
will have banked
they
will have banked
FUTURE PERFECT CONTINUOUS
I
will have been banking
you
will have been banking
he/she/it
will have been banking
we
will have been banking
they
will have been banking
IMPERATIVE
you
bank
we
let´s bank
to bank
PAST CONTINUOUS
I
was banking
you
were banking
he/she/it
was banking
we
were banking
they
were banking
PAST PARTICIPLE
banked
PAST PERFECT
I
had banked
you
had banked
he/she/it
had banked
we
had banked
they
had banked
PAST PERFECT CONTINUOUS
I
had been banking
you
had been banking
he/she/it
had been banking
we
had been banking
they
had been banking
PRESENT
I
bank
you
bank
he/she/it
banks
we
bank
they
bank
PRESENT CONTINUOUS
I
am banking
you
are banking
he/she/it
is banking
we
are banking
they
are banking
PRESENT PARTICIPLE
banking
PRESENT PERFECT
I
have banked
you
have banked
he/she/it
has banked
we
have banked
they
have banked
PRESENT PERFECT CONTINUOUS
I
have been banking
you
have been banking
he/she/it
has been banking
we
have been banking
they
have been banking
PRESENT SUBJUNCTIVE
he/she/it
bank
SIMPLE PAST
I
banked
you
banked
he/she/it
banked
we
banked
they
banked
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