Definition, Meaning & Synonyms

banking-principle

noun

/ˈbæŋ.kɪŋ ˈprɪn.sə.pəl/

Definition

The fundamental concepts and guidelines that govern banking operations and transactions.

Examples

Understanding the banking-principle is crucial for anyone entering the finance sector.
She had to learn the banking-principle to manage her investments wisely.
The banking-principle dictates that banks maintain a certain level of reserves.

Meaning

Banking principles refer to the established norms and practices in the banking industry that ensure financial stability, risk management, and customer trust.