Definition, Meaning & Synonyms

banking

noun

/ˈbæŋ.kɪŋ/

Definition

The business of managing money and financial transactions, including accepting deposits, making loans, and providing other financial services.

Examples

She works in banking, specializing in corporate finance.
After the economic crisis, many people lost trust in traditional banking systems.
Online banking has made it easier for customers to manage their finances from home.

Meaning

Banking refers to the activities of financial institutions that deal with money: accepting it, lending it, investing it, and safeguarding it for individuals and businesses.