Akademik

bank
▪ I. bank bank 1 noun [countable]
1. BANKING a business that makes its profit by paying interest to people who keep money there and charging a higher rate of interest to borrowers who borrow money from the bank. Different types of bank provide a variety of other financial services:

• The major banks have announced an increase in interest rates.

— see also Girobank
word focus - bank
Things you do at the bank
pay money into your bank account (= put money in ) withdraw money from your bank account (= take money out ) cash a cheque /​check (= exchange it for cash ) pay in a cheque /​check (= give your bank a cheque that is payable to you, so that money goes into your bank account ) check your balance (= find out how much money is in your bank account ) transfer money to someone else's/​your account (= move money from your account to another account, either another one of yours or someone else's ) use an ATM/​cash machine /​cash dispenser (= put a card into a machine to obtain cash from your bank account ) arrange a loan (= ask a bank to lend you some money ) arrange an overdraft (= make an arrangement with your bank to spend more money than you have in your account ) order foreign currency (= ask your bank to get you some foreign money )
acˈceptance ˌbank BANKING
another name for accepting house
ˈagent bank BANKING
the bank which has been chosen to look after a syndicated loan (= a loan to one borrower by many lenders), sending interest payments to lenders etc
agriˈcultural bank BANKING
a bank that lends money to farmers, often over a long period of time and at low rates of interest
ˈbanker's bank BANKING
a bank offering services to other banks:

• It has positioned itself as a banker's bank, handling other banks' processing and cash management business in the region.

ˈcentral bank BANKING
the official bank of a country, which is responsible for setting interest rates, controlling the money supply, producing banknotes and making money available, and keeping the country's supply of foreign currency and gold etc:

• China's central bank said that a further decline in interest rates is unlikely.

• Germany has no plans to sell gold from its central bank reserves.

ˈCity Bank BANKING
one of the retail bank S in Japan
ˈclearing bank BANKING
one of the High Street banks that issue S and accepts cheques and passes them through the banking system
comˈmercial bank BANKING
1. a bank involved in international trading and providing services for businesses and organizations rather than for individuals
2. a bank owned by shareholders rather than by a government
conˈfirming bank also conˈfirming house BANKING
a bank which promises to make payment for goods bought by an importer if the importer has documents to show that the goods have been sent and that they will accept the goods
co-ˈoperative bank BANKING
a bank that lends money, collected from its members, at low rates of interest
ˈcredit bank BANKING
a bank that lends money to businesses and individuals
deˈvelopment bank
BANKING a bank that gives loans to help increase business, trade, and industrial activity in a particular country or area:

• The Inter-American Development Bank was established in 1959 to accelerate economic and social development in Latin America.

ˈdiscount bank BANKING
a bank that buys bill SOf Exchange (= documents ordering someone to pay a particular amount on a fixed date ) , often relating to trade
ˈeligible bank BANKING
in Britain, one of the banks officially approved to accept certain bill SOf Exchange that the Bank of England will then accept:

• Bills accepted by banks designated as eligible banks by the Bank of England become first-class bills which the Bank of England is willing to deal in on the market.

ˌExport-ˈImport Bank also Eximbank BANKING
a US bank set up to encourage companies to export their goods by offering them loans at reduced rates of interest, guaranteeIng loans made to them by other banks and giving credit to foreign borrowers so that they can import goods etc:

• Export-Import Bank financing of business with China

ˌforeign ˈbank BANKING
a bank based in another country
ˈHigh Street bank BANKING
a bank that has branches in many towns and cities:

• Several High Street banks have already announced a cut in interest rates.

inˈvestment bank BANKING
a bank that buys stocks and shares and then sells them to members of the public. Investment banks also offer advice on things such as merger S and takeover S:

• The company announced it had hired an investment bank to explore options, including the possible merger with another entity.

ˌjoint-ˈstock bank BANKING
a bank which is a public company with shares owned by investors rather than a government
ˈlead bank BANKING
a financial institution that organizes syndicated loan S (= loans to one borrower by many lenders)
ˈmerchant bank BANKING
a bank that deals with business rather than the general public. Merchant banks advise on and arrange finance for investment and takeovers, and advise financial institutions on where to make investments etc:

• Most leading merchant banks have established their own property investment departments.

ˌmutual ˈsavings bank BANKING
in the US, a savings bank that is owned by the people who put their savings into it and does not have shareholders
ˌnational ˈbank BANKING
in the US, a bank that operates in several parts of the country rather than at local level. National banks must be members of the Federal Reserve System
ˈpaying bank BANKING
a bank that is responsible for paying the amount of money on a cheque relating to one of its customer's accounts:

• A County Court has decided that a paying bank is under no obligation to pay a forged cheque even if it is supported by the bank's guarantee card.

ˈprivate bank BANKING
a bank which is a small limited company
reˈserve bank
another name for central bank
ˈretail bank BANKING
a bank that provides services to individual customers rather than to businesses or large organizations
ˈsavings bank BANKING
a bank where people can save small amounts of money and receive interest on it. Savings banks do not offer other general banking services
ˌstate ˈbank BANKING
in the US, a bank that is controlled by the laws of a state rather than of the whole country. Unlike a national bank, a state bank does not have to be a member of the Federal Reserve System:

• He needed the funds to secure a personal loan at Iowa State Bank.

ˌstock ˈsavings bank BANKING
in the US, a savings bank that invests small amounts of money for people and is owned by shareholders
uniˈversal bank BANKING
a bank that performs a range of banking activities:

• A universal bank is a one-stop supplier for all financial products and services.

— see also Federal Reserve Bank
2. the local branch of a particular bank:

• I have to go to the bank at lunchtime.

3. break the bank to cost or need so much money that a person or organization is unable to pay:

• customers who want to get a reasonable PC without breaking the bank

4. a store of something that can be used when needed
ˈdata bank COMPUTING
a large amount of information held on a computer:

• a computerized data bank to track customers' buying habits

a computer data-bank containing details of available jobs, created by an employment agency or by a large company:

• Operators key data into an electronic job bank, trying to match unemployed workers with new opportunities.

ˈland bank FINANCE
the land that a company owns considered as an asset that can make money for the company:

• It has one of the largest land banks in Hong Kong, and its property units are almost fully rented.

  [m0] ▪ II. bank bank 2 verb BANKING
1. [transitive] to put or keep money in a bank:

• Did you bank that check?

• He banked rather than spent $3,800 in tax refunds.

2. [intransitive] to keep your money in a particular bank:
bank with

• Some families have banked with Hoare since the 17th century.

— see also overbanked

* * *

Ⅰ.
bank UK US /bæŋk/ noun [C]
► BANKING, FINANCE an organization where people and businesses can keep, invest, or borrow money, exchange currencies, etc., or a building where these services are offered: »

The bank gave me a loan to start my new business.

 »

All the major domestic and foreign banks were affected by the crisis.

 in the bank »

At that time, we had very little money in the bank.

 put/pay sth into the bank »

Your fee will be paid directly into the bank.

 take sth out of the bank »

They had taken all of their cash out of the bank.

 »

I need to go to the bank at lunch time.

 »

The bank has branches in most major towns.

► [C] an amount of something that is kept to be used: »

Our company offers an unparalleled bank of information on the real-estate business.

● the Bank — Cf. the Bank
→ See also ACCEPTANCE BANK(Cf. ↑acceptance bank), ADVISING BANK(Cf. ↑advising bank), AGENT BANK(Cf. ↑agent bank), AGRICULTURAL BANK(Cf. ↑agricultural bank), CENTRAL BANK(Cf. ↑central bank), CLEARING BANK(Cf. ↑clearing bank), COMMERCIAL BANK(Cf. ↑commercial bank), CONFIRMING BANK(Cf. ↑confirming bank), COOPERATIVE BANK(Cf. ↑cooperative bank), CORRESPONDENT BANK(Cf. ↑correspondent bank), CREDIT BANK(Cf. ↑credit bank), DATABANK(Cf. ↑databank), DEVELOPMENT BANK(Cf. ↑development bank), ELIGIBLE BANK(Cf. ↑eligible bank), EXPORT-IMPORT BANK(Cf. ↑Export-Import Bank), THE EUROPEAN CENTRAL BANK(Cf. ↑the European Central Bank), THE FEDERAL RESERVE BANK(Cf. ↑the Federal Reserve Bank), HIGH STREET BANK(Cf. ↑high street bank), INVESTMENT BANK(Cf. ↑investment bank), JOINT-STOCK BANK(Cf. ↑joint-stock bank), LAND BANK(Cf. ↑land bank), LEAD BANK(Cf. ↑lead bank), MERCHANT BANK(Cf. ↑merchant bank), MONEY CENTRE BANK(Cf. ↑money centre bank), MUTUAL SAVINGS BANK(Cf. ↑mutual savings bank), NATIONAL BANK(Cf. ↑national bank), PAYING BANK(Cf. ↑paying bank), PRIVATE BANK(Cf. ↑private bank), RESERVE BANK(Cf. ↑reserve bank), RETAIL BANK(Cf. ↑retail bank), SAVINGS BANK(Cf. ↑savings bank), SHADOW BANK(Cf. ↑shadow bank), STATE BANK(Cf. ↑state bank), STOCK SAVINGS BANK(Cf. ↑stock savings bank), UNIVERSAL BANK(Cf. ↑universal bank), WHOLESALE BANK(Cf. ↑wholesale bank), THE WORLD BANK(Cf. ↑the World Bank)
Ⅱ.
bank UK US /bæŋk/ verb [I or T]
► BANKING to keep your money in a particular bank, or to put money into a bank: bank with sb »

I've banked with Lloyd's for many years.

 »

She banked most of the prize money she had received.

► to earn or win a particular amount of money: »

The former governor banked more than $135,000 in speaking fees.


Financial and business terms. 2012.