Definition, Meaning & Synonyms
banked
verb
/bæŋkt/
Definition
To have deposited money into a bank or to have a bank account.
Examples
- They banked their savings each month to prepare for a vacation.
- She banked her earnings to ensure a secure future.
- After years of hard work, he finally banked enough to buy his own home.
Meaning
In financial terms, ‘banked’ refers to the act of storing funds in a banking institution. It can also refer to something that has been built up or accumulated, such as a bank of resources.
Synonyms
- Deposited
- Saved
- Stored
