Definition, Meaning & Synonyms
bank
noun
/bæŋk/
Definition
A financial institution that accepts deposits from the public and creates credit.
Examples
- She deposited her paycheck at the bank.
- He took out a loan from the bank to buy a house.
- The bank offers various investment options for its customers.
Meaning
An establishment for managing money, which may include accepting deposits, providing loans, and offering various financial services.
Synonyms
- financial institution
- lender
- creditor
