COIN BANK Meaning and
Definition
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A coin bank, also known as a piggy bank or a money box, is a receptacle specifically designed for storing and saving loose change or small amounts of money. It is typically made of a durable material such as ceramic, glass, metal, or plastic, and often takes the form of a small container or figurine.
The primary purpose of a coin bank is to encourage saving habits and teach financial responsibility, especially to children. It serves as a safe and convenient place to deposit spare coins and small bills until the money can be conveniently and intentionally used or saved for a specific purpose.
Coin banks often feature a narrow slot or funnel-like opening on the top portion, allowing coins or currency to be inserted while preventing easy removal without breaking the bank. Some coin banks have additional features like combination locks or removable sections for accessing the saved money. They may also incorporate various designs, colors, and themes, appealing to different age groups or personal preferences.
In addition to their practical function, coin banks have a sentimental and nostalgic value. They are often acquired as gifts or keepsakes, symbolizing the start of a saving journey or commemorating a special event or milestone. Coin banks can also serve as a decorative or collectible item, adding charm and personality to a space while fulfilling their primary purpose of storing and safeguarding small amounts of money.
Common Misspellings for COIN BANK
- xoin bank
- voin bank
- foin bank
- doin bank
- ciin bank
- ckin bank
- clin bank
- cpin bank
- c0in bank
- c9in bank
- coun bank
- cojn bank
- cokn bank
- coon bank
- co9n bank
- co8n bank
- coib bank
- coim bank
- coij bank
Etymology of COIN BANK
The term "coin bank" is a compound word composed of two parts, "coin" and "bank".
The word "coin" derives from the Latin word "cuneus", meaning "wedge". It later evolved into the Old French word "coigne", which specifically referred to a wedge-shaped stamp used for minting coins. Eventually, "coin" came to denote the monetary unit itself.
The word "bank" has a separate etymology. It originates from the Old Italian noun "banco", which meant a bench or table. In medieval Europe, moneylenders and medieval bankers would conduct their business activities sitting at these benches or tables. Over time, the concept of a "bank" began to be associated with the financial institution itself.
The combination of "coin" and "bank" creates the term "coin bank", which refers to a vessel or device primarily designed to hold and store coins.
Similar spelling words for COIN BANK
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